Volkswagen has expressed concern over the "harmful economic impact" of potential tariffs proposed by US President Donald Trump on imports from Mexico, reported Reuters.

Volkswagen on Tuesday warned against the "harmful economic impact" of tariffs that U.S. President Donald Trump is proposing on imports from Mexico, where Europe's top carmaker operates a major factory.

Volkswagen has warned against the "harmful economic impact" of tariffs that could be introduced by US President Donald Trump during his second term in office. The firm highlighted particular unease over levies on goods coming from Mexico,

Volkswagen warns that Donald Trump’s proposed 25% tariff on Mexican car imports could harm consumers and the global auto sector, risking a new North American trade war.

And it's not as if Volkswagen doesn't have a presence in the U.S. To demonstrate its commitment to American sites, the company pointed out that it is making total investments of over $10 billion in the country, split roughly between its Chattanooga plant and a joint venture with Rivian.

U.S. President Donald Trump's proposed tariffs could raise car prices and affect global automakers, warns Germany's VDA. Trump threatens 25% tariffs on Canada and Mexico to boost U.S. production. Automakers,

Volkswagen is looking forward to working with the new U.S. administration, the German carmaker said on Tuesday, and stressed the importance of dialogue amid concerns about the impact of tariffs proposed by President Donald Trump.