Tariffs risk damaging far more than sales of whiskey and Champagne, the American Chamber of Commerce to the European Union says.

President Trump’s plan to impose a 25 percent tariff on cars and parts imported into the U.S. sent a shudder through the global car industry. Markets in Asia, Europe and the U.S. wobbled yesterday as many automakers’ stock prices fell.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty.

In Germany, Europe’s most populous nation and its largest economy, Trump’s tariffs stoked fears of the end of trade-based prosperity.

European automakers, already struggling with tepid economic growth at home and looming Chinese competition, on Thursday decried the U.S. import tax on cars as a new, heavy burden that would hurt compa