Volkswagen AG’s Skoda would see an "indirect" impact of US tariffs as the carmaker's suppliers are based around the world and levies hitting them would raise costs and weigh on margins, the brand’s Chief Executive Officer Klaus Zellmer says. “If China can’t sell anything in America they will look for other avenues to pursue their growth ambitions — and of course that’s Europe,” Zellmer tells Bloomberg's Oliver Crook.