Quote:
Originally Posted by Hugh
And the EU is our biggest market - It accounted for 54.8% of UK-built vehicle exports.
What do you think will hurt more - losing your 4th biggest market (around 6-9% of your market), or losing your biggest market (losing around 55% of your market)?
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It would hurt both, it’s not a question of who can hurt each other more.
As was the original argument, the CEO of BMW, VW, Audi & Mercedes most likely could not give a toss about U.K. imports into the EU. They are concerned with their sales only and their workers.
The German chancellor is not accountable to the EU, She/He is accountable to their voters and if they fail to get a deal and that adversely impacts the German motor industry they will know about it.
And that goes for all EU leaders and their respective economies, they can put on a united front but they also have to look after themselves.
It is in everyone’s interest to have good trading relationship, and a good relationship in general.
So there will be much brinkmanship in 2020, I’m sure an agreement will be sorted.
My own personal view though, is that access to U.K. fishing waters will be sacrificed on the alter of any future relationship.