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Eric Schweitzer,  President of Germany’s DIHK Chambers of Commerce told German television on Friday, the tariffs imposed by the US on imported cars would reduce around Euro 6 billion (USD 6.99 billion) German economic output for this year, as cited by Reuters.

Schweitzer  noted that he took Trump’s threats “very seriously” and added such tariffs would be “against international law”, adding that such levies would not only result in job losses in Germany and Europe but would also hit jobs and investment in the US.