Randahl FinkTrump hit Volkswagen with 25 percent tariffs, and now 50,000 German VW workers will lose their jobs.
European politicians chose to appease Trump. Look what that brought us.
Christian Klüber-Demir 🏈@randahl
This - for a change - has little to do with Trump and his tariffs, but with VW's own mismanagement.
And while the *profit* has halfed last year, it was still at 8.9 billion (!) Euros and good enough to pay out full bonuses to the management.
@ckd two things can be true at the same time. Yes, VW has made several mistakes, the Chinese market has been problematic, etc.
But when two thirds of VW's cars for the US market are made in Mexico, steep car tariffs certainly matter.