Germany Preparing Itself To Lose The Next “Illegal” War

A Vicious Cycle – Berlin Worried about Losing Trump’s Trade War.

War

The U.S. has followed through with its threat to impose punitive tariffs on European steel and aluminum and the signs are pointing to a global trade war. The German government is doing what it can to prevent harm to its automobile industry.

… The German automotive industry would also be hard hit by a possible trade war with the U.S., where the most cars are sold in the world after China. German carmakers export around a half-million vehicles to the U.S. each year — particularly the kinds of expensive sedans that have been a thorn in Trump’s side for decades. If punitive tariffs are imposed, carmakers would likely have no choice but to react with higher prices and thus risk a decline in sales. VW subsidiary Porsche is especially at risk. Although the company sells almost a quarter of its vehicles in the country, it does not operate any factories of its own in the U.S.

“Germany stands to lose most.”

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This Could Mean War Or Something

Tariff war. World War T. You know, the end of the world as we know it? Then it’s all over but the crying. And the Zombie Apocalypse. It’ll be  Zombie Apocalypse Now, so-to-speak.

Steel

Yawn.

Berlin holds little hope that the EU will be granted a further exemption from US metals tariffs beyond a May 1 deadline. Washington has offered the bloc a reprieve to speed up talks on a series of trade issues.

The German news agency DPA reported on Thursday that the upcoming meeting between Chancellor Angela Merkel and US President Donald Trump — scheduled for the weekend — was unlikely to win the EU a further exemption from higher steel and aluminum tariffs planned by Washington.

Citing government sources, DPA said the Trump administration’s plans to impose a 25 percent tariff on steel and 10 percent on aluminum imports to the United States would likely come into effect on May 1.

But maybe something miraculous will happen at the absolutely very last second to hold off trade war Armageddon. Maybe it won’t. Hard to say for sure so be sure to stay tuned.

Bundesregierung befürchtet Handelskrieg mit den USA