Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

German Auto Sector Can Decline By 12% If Trump Declares Tariffs

Posted on June 8, 2019 By ann.castro No Comments on German Auto Sector Can Decline By 12% If Trump Declares Tariffs

As per to analyst, Germany’s automotive sector can decline by 12% over “three poor trading days,” if US President Donald Trump enforces tariffs on European car producers. Trump has just a few days to decide whether to inflict duties on car imports. This will possibly impact Germany—which is the EU’s (European Union) traditional development engine—considering that it is one of the biggest direct car suppliers to the U.S. According to Christoph Schon—Executive Director of Axioma—the German stock market can decline by 6% and its components and automobile sector, particularly, can see loss of at least 12%. He further told CNBC that the losses can occur in a period of trading 3 Days, or in 5–10 sessions.

Reportedly, Germany’s DAX so far is elevated by almost 14% in this year, whereas the entire European auto sector is high by around 11% in this year. Daimler and Volkswagen are up by almost 15% and 7%, respectively. Trump intimidated to entail 20% tariffs on European cars in 2018, arguing there is a trade inequity threatening the US’ national security. The EU is the biggest supplier of motor vehicles across the globe, while the U.S. is the biggest importer.

Recently, Volkswagen was in news for investing more than $1 Billion on a battery manufacturing plant in Germany. Herbert Diess—Chief Executive Officer of Volkswagen—stated that the factory is a part of the company’s attempt to electrify its vehicles. He asserted the plant would be constructed in the northern city of Salzgitter that is quick access to huge wind power plants in the region. Reportedly, Volkswagen is trying to shift from the diesel emissions scandal that has so far charged the company 30 Billion euros. The statement came after rival Daimler declared that it expects to make all of the passenger cars carbon-neutral by the end of 2039.

Business, Top Stories

Post navigation

Previous Post: Google Combines All Its Travel Planning Functions Below One Site
Next Post: LandSpace Completes The Methalox Engine Assembly—Report

Related Posts

Prescription drug prices hiked in the US Health
Drinking More Coffee Could Spike Up Migraine Risk, Study Suggests Top Stories
Podcast Genome Project By Pandora Will Assist You Find Your Favorite Serial Technology
Hello Kitty Sets Eyes On The Big Screen, Sign Film Deal With Warner Bros Top Stories
WhatsApp Call Error Allows Hackers Slip Spyware On To Handsets Technology
Union Pacific Announces Solid Fourth-Quarter Results But Points To Job Losses Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme