European businesses brace for Trump return
The Peninsula
Paris: The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the world, including Europe...
Paris: The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the world, including Europe.
Here is a look at how sectors of the European economy could be affected after Trump pledged 10 to 20 percent tariffs on imported goods from everywhere except China, which would face a 60 percent duty:
Tough road for cars
More than one million new vehicles cross the north Atlantic every year, according to the trade association uniting European auto manufacturers.
German carmakers are particularly exposed as the United States is its second export market after China, where they are already reeling from falling sales.