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'Catastrophe': Volkswagen Town Rattled By Trump Trade War

Volkswagen Town
International Business Times Fews App News Provider
Fews App Post Time 9d ago

The power plant at the headquarters of German carmaker Volkswagen in Wolfsburg AFP The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike. Veteran auto workers who spent decades at the plants of Germany's storied industrial titan fear for the worst since Trump has ramped up a range of import tariffs, sparking global market turmoil. "A catastrophe, terrible," said retired VW autoworker Richard Arnold, 85, expressing a sentiment widely shared in Wolfsburg, where the carmaker is headquartered and which is dominated by the smoke stacks of its own power plant.

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