As the global economic influence of the EU declines, there are concerns over which path to take in the near future given a choice between moderate interventions and cries for a stronger cooperation.
 

By endorsing the joint declaration, EGEA (European Garage Equipment Association) confirms the need for robust policies on behalf of Europe’s future industrial production, 99% of which is made up of SME, the real backbone of the continent’s economy and industry. The initiative bears a great significance also for the car repair sector.

According to Giuseppe Barile, President of ANFIA Components Group, UK's exit from the single market will create some shock waves in the market. For Italian automotive companies this translates into 2.9 billion Euro in exports. "Knowing what will happen is still premature. Certainly, one thing to avoid is a return to the rules of the WTO, where 10% excise duty on cars and 4.5% on single components would be harmful".
 

Customs excise, international trade agreements review and the return to fossil fuels. Trump’s America is an unknown territory for the automobile industry.