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For Germany's Automakers, EU Deal Brings Clarity—on Higher Costs

For Germany's Automakers, EU Deal Brings Clarity—on Higher Costs

Among the headline winners from the tariff deal between the U.S. and the European Union was the EU's prized auto industry.
Cars are among the products subject to a new baseline tariff of 15%, President Trump said Sunday, cutting the rate from the 25% level he introduced in April.
Industry groups in Brussels and Berlin welcomed the easing of trade tensions, while noting that details of the deal remain unclear and that automakers still face higher costs than last year. Before April, the industry had been paying a tariff of 2.5% to ship vehicles to the U.S.
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