El european automobile industry It would not be what it is today, due to its size and economic power, if it were not for the fact that a large part of the vehicles produced in the Old Continent end up in third parts of the world as North America, Latin America or China. This situation is known as globalization, because in this way products can be exchanged from one country to another, with the advantages of lower prices and better access to various services by the population.
La globalization It has, like everything in life, supporters and detractors, but then there are people who are against what seems best to them every day. Donald Trump He is one of these people, because, in addition to believing himself to be the navel of the world, he thinks that everything that, according to him, harms his country (or rather, its economic and business interests) must be withdrawn ipso facto, for itself, to fight for the rights of its citizens.
If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a Tax on their Cars which freely pour into the US They make it impossible for our cars (and more) to sell there. Big trade imbalance!
- Donald J. Trump (@ realDonaldTrump) March 3, 2018
Taking this approach into account, the last victim of his threats and bravado is the European automobile sector, because as stated on its official Twitter profile, it is not fair that United States is the first export market of the European automobile sector and on the other hand, the firms that produce their models in the country do not have Europe as their first market.
In this way, he launched a tweet in which he warned the following
“if the EU wants to further increase its already massive tariffs and barriers to US companies doing business there, it will simply we will apply a tax on your cars which will apply freely in the United States. They prevent our vehicles (and more) from selling there. Big trade imbalance!”
Following this tweet, launched a second stating that
«our work and our wealth is being given to other countries They have taken advantage of us for years. They laugh at the fools our leaders have been. No more!"
In this unreal situation, the European Union has not yet ruled, but other world powers such as Canada, China, Mexico or Brazil have done so, as they warn that if the United States takes that path, they will not stand still and will implement tariffs to products manufactured in the United States, also damaging its economic activity.
We will have to see what happens, but it is seen that the America First plan of Trump is going to bring many headaches to the world, because it is true that globalization benefits and harms many people, but it has been shown that industrial protectionism is not better. In any case, I ask, is nobody realizing that This man only moves to favor his companies and partners?
Source - Twitter