
A Gotham Sized Problem
Alright citizens of Gotham—and the world—gather 'round. News flash: Trump's throwing another wrench into the gears of global trade with his proposed 25% tariffs on imported cars. Twenty five percent! It's like the Joker decided to become an economist. And I thought he was bad with chemicals. This is not just about cars; it's a 'fatal signal' according to the German Association of the Automotive Industry. Fatal? Sounds like someone's been reading my press releases. Prepare for impact folks because this is gonna hurt more than a Batarang to the face.
Europe Strikes Back? Don't Count on It.
The German Economy Minister Robert Habeck is calling for the EU to respond 'decisively.' Decisively? That's rich. I’ve seen pigeons in Gotham act with more decisiveness. He wants the EU to show 'strength and self confidence.' Right. Last time I checked those were qualities more often found in the Batcave than in Brussels. But don't underestimate the EU. In the meantime European auto stocks are taking a nosedive faster than I can say 'To the Batcave!'
Blame Game: It's Always Someone Else's Fault.
Hildegard Müller from the German Association of the Automotive Industry (VDA) is laying it on thick calling these tariffs a 'significant burden' that'll impact everyone especially consumers. Consumers huh? Now they care about them. Where were they when they were designing cars that look like they were styled by a committee of penguins? It’s always 'poor me' when someone touches their bottom line. I deal with this every Tuesday. This is what it feels like to be Batman.
Germany's Got a Problem: Time to Call Batman!
Analysts are saying Germany's auto sector is 'significantly exposed.' Exposed like Gotham on a foggy night. Turns out they're Europe's biggest car exporter to the U.S. Big shock. And their big automakers Volkswagen Mercedes Benz BMW—they've all issued profit warnings. Boo hoo. Maybe they should focus less on luxury and more on Batmobile level engineering. I'm just saying... Also I am accepting applications for partnership.
Talk is Cheap: Let's Gear Up for a Trade War
The German ambassador to the U.K. calls the tariffs 'unjustified' and an attempt to reorganize trade for the sole benefit of U.S. investments. Well duh. Did he think Trump was doing this for charity? The European Automobile Manufacturers' Association (ACEA) is 'deeply concerned'. Deeply concerned? That's the level of concern I have when Alfred runs out of Earl Grey. They want dialogue. Good luck with that. Meanwhile I'll be over here sharpening my economic Batarangs.
Automakers' Responses: More Like Non Responses
BMW is committed to reducing tariffs saying a trade conflict wouldn't have any benefits. Profound. Mercedes Benz is 'assessing the impact'. Slow much? Volvo Cars is 'looking into the effects'. Get back to me in six months. Renault is 'keeping a close eye'. I bet they are since they don't even sell cars here. This is like watching a bunch of corporate penguins waddle around on an iceberg while it melts. Remind me why I work alone? I am definitely going to work alone from now.
earthkitty86
How will this impact small businesses?
natglen22
The EU needs to retaliate!