German business leaders based in Atlanta said they’re concerned about President Donald Trump’s threat of tariffs on steel and possibly European cars.
The German American Chamber of Commerce (GACC) of the Southern U.S. said these tariffs would lead to higher prices for consumers.
“Approximately 25 percent of all steel is used in automotive manufacturing and 10% in machinery and equipment; both industries that German companies have heavily invested in the U.S. over the years,” said Stefanie Ziska, president of GACC South in a statement.
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