Donald Trump's trade war will only produce losers, warns auto industry

Carmakers and U.S. auto dealers are using a similar refrain to push back against U.S. President Donald Trump’s talk of a trade war: Everyone will suffer if the rhetoric keeps ratcheting up.

“Only losers” will emerge from the U.S. and European Union battling one another with tariffs, said Bernhard Mattes, the president of German auto-industry lobby VDA, which represents carmakers including Volkswagen AG and BMW AG.

Volvo Cars’s chief executive officer and a group representing American auto dealers echoed the sentiment almost verbatim in the wake of a tit-for-tat between Trump and the European Commission’s Jean-Claude Juncker. The comments suggest