The logic of protectionism, if anything, has upset European carmakers who rely on US sales.
European automakers, and especially German Mercedes and BMW, are very likely face punitive tariffs in their vehicle exports to the US in the event that Donald Trump wins another term in the presidency next November.
Thus, it is considered possible that enforcement higher tariffs in vehicle imports from European Union. But also from her China.
As stated today in a report by the Bloombergthe former US president appears to have discussed with his advisers to ban all electric cars made in China from the country the they are built with Chinese parts and then assembled in other countries such as Europe or Mexico.
If nothing else, all of this will have implications for European car manufacturers and suppliers, which rely heavily on the US market. European electric vehicle manufacturers will be most affected by the negative effects, say various industry analysts around the world.
“German automakers may prove unpopular with Trump, especially premium brands like Mercedes and BMW”said independent business analyst Juergen Pieper. “Trump seems to really dislike the success of German premium brands. He probably has a problem with Germany in general, a kind of love-hate relationship.”he added.
The recent statements by the president of the European Central Bank are also characteristic of the climate Christine Lagarde, which warned that Europe it should prepare for possible threats to its economy if Donald Trump returns to the White House.
Currently, Donald Trump is currently leading the polls against Joe Biden.