LONDON (Reuters) – The euro may very well be pushed again right down to parity in opposition to the greenback if Donald Trump wins U.S. Presidential elections in November and imposes hefty 20% tariffs on Europe’s carmakers, Barclays’ international chairman of analysis predicted on Friday.

Barclays sees the euro dropping to $1.05 from round $1.08 now in its “base case” state of affairs of a ten% improve on broader tariffs on Europe, however “if we get 20% tariffs on autos I feel it’s in all probability going to get a lot nearer to parity,” Barclays’ Ajay Rajadhyaksha instructed reporters on a convention name.