Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies

President-elect Donald Trump has pledged to impose blanket tariffs on all goods entering the U.S., potentially causing havoc for European carmakers, especially Germany’s struggling automotive sector. Trump expressed his desire to transform German auto giants into American companies, emphasizing the implementation of tariffs as a key strategy. As he prepares to introduce new tariffs on China, Canada, and Mexico, EU policymakers are concerned that the European auto industry may soon be targeted, further impacting Germany’s top OEMs like Volkswagen, Mercedes-Benz Group, and BMW, which are already facing challenges in the global market.

Full Article