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Berlin, July 20 (TASR) – The eventual introduction by the United States of new US import tariffs would reduce Germany's gross domestic product by 6 billion euros . The German director of the German Chamber of Commerce and Industry (DIHK) Eric Schweitzer
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The US administration has started to apply import tariffs on steel and steel aluminum from 25% to 10% respectively for the German TV ZDF. The EU responded by introducing retaliatory rights on several US products. US President Donald Trump subsequently began to threaten car manufacturers and EU auto makers up to 25%.
Schweitzer for ZDF said that Trump's threats were "very serious", but that if he introduced tariffs it would be "contrary to international law". At the same time, he stressed that the increase in import duties would not only lead to job losses in Germany and other countries of the European Union, but also jobs and investments in the United States
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