German Firm: Trump Tariffs Hike Prices for American Consumers
In response to President Trump’s 20 percent tariff on EU goods, German engine manufacturer Deutz announced it will fully pass on increased costs to American customers. This price increase is a direct result of the tariffs and affects Deutz’s construction and agricultural vehicle engines. The company’s CEO stated that competitors are similarly affected, making price hikes unavoidable. This action underscores economists’ warnings that tariffs inflate prices for American consumers, potentially triggering economic downturn. Deutz, however, expressed hope for continued fair trade relations with the U.S.
John Q. Hosedrinker