US President Donald Trump plans to impose 25% tariffs on imported cars, pharmaceuticals, and semiconductor chips, primarily targeting the EU, which exported approximately $60 billion in cars and over $90 billion in pharmaceuticals to the US in 2023. These tariffs could significantly impact the European economy, especially Germany, while also affecting imports from Mexico, where German car manufacturers have invested heavily. However, the depreciation of the euro and the Mexican peso against the dollar may provide some competitive advantage for exports, and the tariffs could also lead to inflationary pressures in the US, potentially affecting domestic economic conditions.