It may look like the European Union is getting off relatively lightly from the new U.S. tariffs, at least compared with Asian countries such as China. Unfortunately, the new taxes on Asian goods will also hurt European countries.

President Trump’s trade war adds another challenge to the incoming government’s attempts to revive Europe’s biggest economy.

The U.S. was Germany’s most important trading partner last year, according to Germany’s statistics office. Goods worth €161.4 billion euros were exported to the U.S. The new tariffs are expected to hit Germany’s automotive industry, its pharmaceutical sector and mechanical engineering particularly hard.