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The calm before the storm?

The calm before the storm?
04/12/2018

China and the United States have agreed to sign a commercial ceasefire.

The ceasefire signed with China, Trump will have the free field to tackle Germany and its car industry. Indeed, Trump would like to introduce a 25% tax on German cars. A meeting is also scheduled on Tuesday 04/12/18 between Trump and the main American manufacturers.

This threat of taxation is important for Germany and its automotive sector because it accounts for 14% of German GDP. With the industry already struggling with the market downturn in China and the United States, a protectionist tax could be devastating for the German automotive sector in the US market.