“Trump’s tough trade talk makes U.S. firms fear China retribution.” Reuters wrote today. The company that is the most exposed to China is American carmaker General Motors. GM sells more cars in China than in all of North America. A crisis in China could easily break the back of GM.

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Under the “Trapped by Trump” headline, Germany’s BILD tabloid reported over the weekend that Volkswagen has to fear the worst from the new administration. Per the report, the U.S. Department of Justice won’t decide on the settlement of criminal charges against Volkswagen before the regime-change in DC. The report wrote of a “horror scenario: The Trump team with future Attorney General Jeff Sessions won’t make a deal, and it will broaden the criminal probe. Volkswagen would be exposed to the capriciousness of an unpredictable government, Volkswagen fears.”

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