Volkswagen CFO says U.S. tariffs here to stay
30/10/2025 09:00
BERLIN, Oct 30 (Reuters) - Higher U.S. tariffs are here to stay, the finance chief of Volkswagen told investors on Thursday, after the German carmaker estimated the impact of President Donald Trump's trade war at up to 5 billion euros ($5.83 billion) this year. "We expect the tariffs to stay," CFO Arno Antlitz said after Volkswagen reported a third-quarter loss. Of the 5 billion euros, at least 4 billion euros were expected to result directly from payments, with the rest linked to weaker margins caused by countermeasures, Antlitz added. ($1 = 0.8575 euros) (Reporting by Rachel More, Editing by Friederike Heine) ((rachel.more@thomsonreuters.com;))