German "Car Pope": "Revise old alliance policy"

[Bleipriester]

A prominent commercial expert has called on Germany to distance itself from the USA and turn towards China. The losses created by Washington´s tariffs are greater than the risks of a reorientation, he claimed.
Although 80 % of the (car industry) losses imposed by Washington hit China, Germany is also affected as for example Volkswagen generates 40 % of its revenue in China. The losses will amount to 700 Billion Euros between now and 2025, when the market will start to normalize, his foundation CAR (Center Automotive Research) has calculated.

Dudenhöffer rät zur Abkehr von USA

 

[Bleipriester]

The US has imposed new tariffs on European countries, mainly Germany, the UK, France and Spain, but also Italy and many other countries. The new tariffs will start on October 18th. Here´s a list with the affected goods:

https://ustr.gov/sites/default/file...U_Large_Civil_Aircraft_Final_Product_List.pdf

 

[Bleipriester]

As for Germany the costs will be two billion annually. Trump said we were "looting" the United States. EU Representatives already announced "retaliation". Se we have now rounds of "retaliation" tariffs like kids in the sandbox impose on their toys.