German carmakers say Trump tariffs would hurt US consumers, industry
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LONDON : U.S. President Donald Trump's tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany's powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties. Hildegard Mueller, the president of Germany's VDA auto association, told an annual press conference that Trump's threatened tariffs would drive up U.S. inflation. "Donald Trump promised in his election campaign to reduce inflation," she said. "In this
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