The French car lobby PFA said on Thursday that there can only be losers in the looming trade war between the United States and Europe

Germany on Friday warned of a potential trade war after US President Donald Trump announced a 25% tariff on automobile imports. Germany aims to “prevent a customs spiral, a tariff war” and continues negotiations with the US to ease trade tensions, Economic Ministry spokesman Korbinian Wagner told reporters in Berlin.

About one-third of EU goods exports to the U.S. could suddenly face tariff rates of 20%, almost certainly throwing Europe into recession. The EU has prepared duties on as much as $28 billion in U.S. products in return;

President Trump’s plan to impose a 25 percent tariff on cars and parts imported into the U.S. sent a shudder through the global car industry. Markets in Asia, Europe and the U.S. wobbled yesterday as many automakers’ stock prices fell.

Proliferating tariffs engulfing the U.S., China and their partners draw parallels to the protectionist spiral of the 1930s.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty.

In the seven weeks that global markets and U.S. farmers have been living in the uncertain trade world of the Trump Administration, prices for most American ag exports have headed south faster than a C

Tariffs risk damaging far more than sales of whiskey and Champagne, the American Chamber of Commerce to the European Union says.

Vance was correct and mistaken at the same time, said Marko Papic, who advises institutional investors about geopolitics as chief strategist at BCA Research. Objectively, he said, the Suez looms much larger for European commerce than U.S. trade.

The European Commission has recently slapped hefty compensatory duties on Moroccan aluminum wheel exports, in what experts interpret as a broader signal aimed at China, rather than a direct challenge to Morocco itself.