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Monday, January 23, 2017

Trump threatens German OEMs with 35% US import tariffs

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Trump threatens German carmakers with 35 percent U.S. import tariff


Trump threatens German carmakers with 35 percent U.S. import tariff
- FILE PHOTO - A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016.REUTERS/Mike Blake/File PhotoFRANKFURT/BERLIN U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares.In an interview with German newspaper Bild, published on Monday, Trump criticized German carmakers such as BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) for failing to produce more cars on U.S. soil.
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Trump attempts to shake up global automotive industry with threats of huge import tariffs to German automakers


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.
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Trump threatens German OEMs with 35% US import tariffs


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.
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