Germany's VDA auto association warns of growing costs from U.S. trade war

July 12 (Reuters) - Germany's VDA auto association on Saturday warned of growing costs for carmakers and suppliers after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the European Union and Mexico.

"It is regrettable that there is a threat of a further escalation of the trade conflict," said VDA President Hildegard Mueller.

"The costs for our companies are already in the billions - and the sum is growing every day," she said, noting that suppliers were also significantly affected by the import duties.