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- Big News Network.comTuesday 17th January, 2017BERLIN, Germany - In more remarks that may shake up the global automotive industry, Trump has now turned his attention on automakers in Germany.The incoming American president has warned that he might enact a 35 percent "border tax" on German automobile imports if they set up plants in Mexico instead of the U.S. and try to export cars to the U.S. from there."If you want to build cars in the world, then I wish you all the best.
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- Is Donald going to tone down the rhetoric when in office?Not much sign of that yetUS president-elect Donald Trump has warned German OEMs that he will impose a 35% border tax on vehicles imported to the US.In an interview with German newspaper Bild, Trump criticised the German carmakers - BMW, Mercedes and VW - for failing to produce more cars in the US.
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- Volkswagen shares closed down 2.2 percent, while BMW and Daimler's shares ended 1.5 percent lower.Under pressure to deliver on campaign promises to revive U.S. industrial jobs, Trump has turned his fire on carmakers that use low-cost Mexican plants to serve the U.S. market.He has also warned Japan's Toyota it could be subject to a "big border tax" if it builds its Corolla cars for the U.S. market at a planned factory in Mexico.
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Trump attempts to shake up global automotive industry with threats of huge import tariffs to German automakers
- Big News Network.comTuesday 17th January, 2017BERLIN, Germany - In more remarks that may shake up the global automotive industry, Trump has now turned his attention on automakers in Germany.The incoming American president has warned that he might enact a 35 percent "border tax" on German automobile imports if they set up plants in Mexico instead of the U.S. and try to export cars to the U.S. from there."If you want to build cars in the world, then I wish you all the best.
read more from here
Trump threatens German OEMs with 35% US import tariffs
- Is Donald going to tone down the rhetoric when in office?Not much sign of that yetUS president-elect Donald Trump has warned German OEMs that he will impose a 35% border tax on vehicles imported to the US.In an interview with German newspaper Bild, Trump criticised the German carmakers - BMW, Mercedes and VW - for failing to produce more cars in the US.
read more from here
Trump threatens German carmakers with 35 percent US import tariff
- Volkswagen shares closed down 2.2 percent, while BMW and Daimler's shares ended 1.5 percent lower.Under pressure to deliver on campaign promises to revive U.S. industrial jobs, Trump has turned his fire on carmakers that use low-cost Mexican plants to serve the U.S. market.He has also warned Japan's Toyota it could be subject to a "big border tax" if it builds its Corolla cars for the U.S. market at a planned factory in Mexico.
read more from here
read more visit us industry
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