The global economy is shakingDonald Trump’s victory in the United States presidential election. The president-elect clearly indicated during his campaign that he intended to implement a policy of high customs tariffs which could pose serious problems for businesses, particularly European ones.
The tycoon plans to implement a universal tariff of 20% on all importssomething the Spanish wine and olive oil sectors have already suffered during his first term, which saw them lose around a fifth of their sales.
But this will not only have consequences for Europe, since the pockets of the Americans themselves will see how inflation is soaring and will directly affect your purchasing power.
Another affected sector will be automobile. Trump intends to implement a 100% tariff on European cars and up to 200% on Chinese cars. The Republican leader thus intends to protect the North American automobile industry and keep his promise that “they will not sell a single car in the United States”.
