How car tariffs on Europe are hurting

See Crash on the Autobahn: Europe can’t afford new car tariffs—so the U.S. President can’t either. WSJ editorial. Excerpt:

"Cars and car parts account for about 10% of total U.S.-European Union trade. Economists at the Ifo Institute, a Munich-based think tank, estimate that after 10 years Germany’s total economic output would be 0.2% lower than otherwise, or around €5 billion, as a result of a unilateral U.S. tariff of 25% on cars and parts. That may sound small but it’s after a long adjustment period and the short-term shock could be twice as large.

Hosuk Lee-Makiyama and Hanna Deringer of the European Centre for International Political Economy in Brussels anticipate a €3 billion loss in GDP for the EU over a five-to-10-year period, due to a 2.5% decline in total exports to the U.S. That would cost Europe 160,000 jobs."