Germany reacts to US tariffs

German politicians, including Chancellor Olaf Scholz and Vice Chancellor Robert Habeck, strongly condemned U.S. tariffs on EU goods, viewing them as a threat to global order and hinting at reciprocal measures. The German auto industry, particularly Volkswagen, faces significant challenges with expected multi-billion dollar losses due to new 25% tariffs on cars and auto parts manufactured outside the U.S. Other car manufacturers are also bracing for financial impact.