The trade war continues. This Thursday, March 27, Donald Trump threatened Europe and Canada to set up additional taxes if they came to ally to retaliate against customs duties imposed by Washington. “If the European Union works with Canada to harm economically in the United States, large-scale customs duties, much larger than those currently planned, will be imposed on both to protect the best friend that each of these two countries has ever had! »»insisted the tenant of the White House in a message published on his social network Truth.
Earlier in the day, Donald Trump had already announced the implementation of 25 % customs duties on “All cars that are not made in the United States”stating that this measure will come into force on April 2.
An “aggressive” measurement
The announcements of the American president quickly assigned the European scholarships of automakers and carmenters, who all fell strongly this Thursday, March 27. The Frankfurt Stock Exchange, which brings together many automotive companies, has recorded vertiginous drops: BMW fell 4.41 %, Mercedes of 5.38 %, Porsche of 4.76 %and Volkswagen by 3.65 %. On the Paris Stock Exchange (CAC 40), Stellantis fell by 5.16 %.
In all, a taxation of 27.5 % will receive the automotive sector. “We are going to pay (those) who do business in our country and take our wealth ”justified Donald Trump. Steel and aluminum taxes, of which Canada is an important supplier, oNt already increased.
The announcements – followed by threats – of the US head of state did not fail to react in Europe. “We have a war situation on our continent and our American ally changes economic policy suddenly. We must put an end to this war of customs tariffs which will put our savings in difficulty ”deplored the French Minister of the Economy, Éric Lombard, denouncing a measure “Aggressive” from the United States. “Either we let ourselves be done, or we retaliate”said the Bercy tenant at the microphone of France Inter.
