Trade wars.
The Eu has drawn up a list of goods from us that could be hit with a tariff. The press here keep talking about peanut butter and bourbon. Big deal - Spaniards consume neither.
The bigger concern will be German cars being hit with tariffs going to the US.
I dont think any country wins trade wars.
Why? BMW and Mercedes both have significant production facilities in the States... Likewise Nissan and Toyota
VW and Audi are relatively niche products and will remain so.
VW and Audi are only niche products
in America. That is not the case in Europe and China where they are far more important than BMW(which still
only makes cars) or Mercedes.
Then there are the Japanese who are in things for the long-term, and have no qualms about sacrificing short-term profits to survive. As Toyota recently stated, they're quite prepared to close UK facilities and expand their European ones if market conditions(which are our relationship or otherwise with the EU) demand it.