Germany's economy minister and major auto industry leaders sharply criticized Trump’s plan to impose tariffs, according to CNBC. They warned that the tariffs on all imported cars and foreign-made auto parts could spark a global trade war. Germany's economy Minister Robert Habeck urged the EU to deliver a “decisive response,” calling the tariffs harmful to both sides. German auto lobby VDA warned of serious disruption to supply chains and negative impacts on consumers. European auto stocks dropped, with Valeo down 5%, and Stellantis and Porsche down around 4%.