The turmoil caused by Donald Trump’s trade policies has ensnared the entire automotive industry except for one smaller player: France’s Renault.
Having emerged from a five-year turnaround under boss Luca de Meo and with hardly any US sales, Renault is insulated — at least for now — from the 25 per cent tariff Trump has imposed on all vehicles imported to the US.
“I had so many miseries as a Renault CEO in the last four years but at least, in this case, I don’t have to be the first one to be worried,” De Meo said in an interview held before the US president’s tariffs were announced.
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