Germany's industry hit by US tariffs, auto industry to cut more than 50,000 jobs.

Under the impact of factors such as the additional tariffs imposed by the United States, the German automotive industry is facing a severe test. The latest analysis report from consulting firm Ernst & Young shows that the German automotive industry has reduced net positions by about 51,500 in the past year, accounting for nearly 7% of all positions, making it the most affected industrial sector.