Trump confuses the world market – Liberation

It was therefore with a week in advance that Donald Trump announced the increase in customs duties on the automobile. If some will ensure that this anticipation is a way of lighting a contrafect in the controversy that swollen on the revelation by The Atlantic of Military attack plan in line by the Trump administrationthese announcements were nonetheless expected by car manufacturers, their suppliers and American consumers. It will therefore be 25 % additional customs duties on cars imported from April 3 and, on May 3 at the latest, for automotive parts. « This decision, if the intense lobbying of manufacturers in the coming days does not change its Trump opinion, will have major consequences for American industry, but also on the whole North American market and beyond, spare parts coming from everywhere »underlines Michael Foundoukidis, senior analyst at Oddo BHF. « There is a very large risk set for the automotive sector in this significant increase, in an environment already uncertain for him, after the covid, inflation or the semiconductor crisis », Adds Alexandre Marian, associate director at Alixpartners.