France, Dec. 22 -- German exports of motor vehicles and parts, machinery, and chemical products - key sectors for Germany and the EU more broadly - have been heavily impacted by tariffs imposed by the United states.

Under an agreement reached in August, the US introduced a 15 percent baseline import tariff on cars from Europe.

While this is lower than Trump's initial proposal of a 25 percent tariff, which would have been applied on top of an existing 2.5 percent levy, the reduced rate has still had a significant impact on exports, according to an expert report commissioned by the German foreign office.

Drop in German exports

The report estimates an overall drop in German exports to the US over the past year by 7.8 percent, following s...