The crisis facing the European automotive sector could worsen if Donald Trump wins the presidential elections in the U.S. in November.
This is because the Republican candidate seems willing to offer incentives for the purchase of new vehicles, but only for American models, thereby excluding cars manufactured in Asia and Europe.
Although most foreign manufacturers have factories in the U.S. where they produce certain models that could benefit from the tax breaks Trump promises to impose, the truth is that some models produced in Europe will miss out on the incentives.
“I don’t want this to benefit other countries; I want it to benefit us,” said Donald Trump at a rally in Greensboro, North Carolina, as reported by “Bloomberg.”
“The interest deduction is great, but only if the car is made in the United States. Why the hell would we give them tax breaks if they make the cars in China, Japan, or many other places that have stolen our business over the years?”, added the Republican candidate.
Providing tax exemptions for cars manufactured in the U.S. is only part of Donald Trump’s plan to persuade Americans to buy domestically produced vehicles, having also promised to introduce high tariffs on models produced in China and neighboring Mexico.
