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Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
For Germany, the prospect of U.S. tariffs on European autos comes at a time when it's top original equipment manufacturers are already reeling.
President-elect Donald Trump's pledge to impose a blanket tariff on all goods coming into the U.S. could wreak havoc for European carmakers, with Germany's crisis-stricken automotive sector thought to be particularly vulnerable. "It was rhetoric on the campaign trail but there is going to be some pressure on imports, whether that would be through a tariff, or some sort of other unilateral action," Michael Robinet, executive director of automotive consulting at S&P Global Mobility, told CNBC via video call. "Trump wants more tariffs, so everyone just needs to be ready," Julia Poliscanova, senior director for vehicles and e-mobility supply chains at the campaign group Transport & Environment, told CNBC via video call.
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