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The EU Commission is reserving the right to take retaliatory measures if Trump follows through on his threats.
Trump will raise tariffs on EU car and truck imports from 15% to 25% next week.
KEY POINTS
- German automakers could face €2.5 billion in annual added costs due to these US tariffs.
- The EU Commission reserves all options for retaliation if the US enacts the new tariffs.
- EU-produced vehicles made within the US are exempt from the planned tariffs.
COMPANIES
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