German car exports to China have been collapsing the past few years. Chinese quality improved and they started buying their own cheaper domestic cars. The EU failed to pass the trade deal they agreed to last year. So Trump just increased tariffs 25% on EU manufactured cars. The Germans (BMW, Mercedes, VW) are screaming at their govt. They are getting crushed in China and now about to get crushed in the USA also. German factories are already dealing with electricity prices that are 2x to 3x higher than China or the USA. Their manufacturing is not competitive and being forced to shut down. And at the same time China and USA markets are being closed off to them. The European Union is economically getting crushed right now. Energy prices are out of control and factories are not profitable.(Wall Street Mav)