Trump's tariffs upend global trade order, will cost jobs, Germany's VDA says

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Trump's tariffs upend global trade order, will cost jobs, Germany's VDA says

, Reuters - 9:46 PM ET 4/2/2025 default

FRANKFURT, April 3 (Reuters) - Far-reaching tariffs announced by the U.S. administration under Donald Trump will weigh on global economic growth and hit jobs, German auto industry association VDA said, urging Europe to seek free-trade agreements quickly.

The move marks the rejection of "the rules-based global trade order - and thus turning away from the basis for global value creation and corresponding growth and prosperity in many regions of the world," said VDA President Hildegard Mueller.

"This is not America first, this is America alone." (Reporting by Christoph Steitz; Editing by Tom Hogue)

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