That of US President Donald Trump (78) announced tariffs, according to Deloitte calculations, should be a strong decline in German auto exports in the USA lead. The exports of vehicles and auto parts to the USA could therefore decrease by up to 29 percent. That would correspond to a minus of 8.2 billion euros, as the German headquarters of the international auditing company and management consultancy in Munich announced.
The Deloitte calculations are based on data from the Global Trade Analysis Project, an international research network for the analysis of trade flows. In total, the German manufacturers had sold 1.3 million cars in the United States last year, said Harald Proff, head of the global Deloitte car division. Accordingly, the German car manufacturers already represented with their own works in the USA could not simply shift their production there, since the works there are already 70 percent. “Significant investments in new production capacities would be necessary here,” said Proff.
The management consultancy Kearney from Düsseldorf even fears up to $ 17.1 billion in sales for manufacturers and suppliers. “Around 640,000 vehicles are exported annually from Europe to the USA,” said Nils Kuhlwein from Kearney. The 25 percent inch on cars announced by Trump for from April 3rd. Volkswagen,, BMW, Meet Mercedes and Stellantis. Some suppliers are also heavily dependent on export to the USA.
Up to 30,000 jobs endangered
In one case, the Kearney analysis published on Friday assumes that the US tariffs are completely passed on to US consumers. Imported cars would then be significantly more expensive in the USA, the paragraphs would decrease. According to the model calculations, the demand for imported electric cars would decrease particularly strongly.
In a second scenario, the manufacturers bear the costs and later pass them on to the suppliers. In both cases, the tariffs for the entire EU car industry would be a strong financial burden of potentially “dramatic” effects: “Up to 30,000 jobs could be at risk,” said Kuhlwein.