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Fight back quickly and hard – POLITICO

Fight back quickly and hard – POLITICO

 


European leaders, officials and business leaders are particularly concerned about what they describe as Trump and his cronies' obsession with the German auto industry.

If Trump follows through on his threat, as many believe, the consequences could be disastrous not only for Germany but for most major EU economies.

Manufacturers such as Volkswagen, BMW and Daimler operate factories in Britain, Spain, Poland, Belgium, the Czech Republic, Hungary, Romania and other countries. They source their car parts from suppliers across the EU.

The United States is the largest importer of German cars, ahead of China, by value, so any tariffs would hit one of the main lifelines of the European economy.

Whether Donald Trump or Kamala Harris ends up in the White House, the assessment will be made a few weeks after the next American president takes office. | Saul Loeb/Getty Images

We worry about Trump's obsession with cars because Germany's auto industry is so deeply linked to all EU countries, a third diplomat said.

End of the game

The final outcome, on the EU side, would be a negotiated solution. Trump, they think, may be trigger-happy when it comes to tariffs, but he's also eager to negotiate. He is a negotiator at heart, the third diplomat said, citing Trump's renegotiation of the free trade zone with Mexico and Canada, as well as deals with South Korea, Japan and China.

Sources

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2/ https://www.politico.eu/article/eu-donald-trump-trade-war-second-presidency-kamala-harris/

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