Trump reportedly said he wants to stop German luxury car imports in the US

[RandySF]

President Donald Trump is hoping to block German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche.

Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York. The report didn't give any further details on what policies would be used to effectively ban the premium carmakers.

The report comes less than two weeks after the U.S. Department of Commerce launched an investigation into automobile imports to determine whether they "threaten to impair the national security" of the U.S. That could lead to tariffs of up to 25 percent on the same "national security" grounds used to impose metal imports charges in March.

Europe's autos sector was trading lower shortly after the report was published Thursday, with German automakers leading the losses during mid-morning deals. Shares of Daimler, Porsche and Volkswagen were all trading off around 1 percent on the news.


https://www.msn.com/en-us/money/markets/trump-reportedly-said-he-wants-to-stop-german-luxury-car-imports-in-the-us/ar-AAy3rYC?li=BBnb7Kz&ocid=mailsignout

[JustAnotherGen]

1. 45 really is a nasty

little smelling piece of shit. Can it stroke out now please?

[octoberlib]

3. Yes and a lot of those imports are made here.

The BMW plant in SC employs 9,000 people and it’s expanding.

[JustAnotherGen]

6. I work for a US Manufacturer

And this is going to significantly impact our business and our partners (both vendors and customers).

Guess what my chief function is? Global Trade Compliance.

I wonder if Trump knows we have a factory in the Netherlands? A small one - but a back up just the same. *evil laugh*

[smirkymonkey]

9. Oh, I wish!

What I wouldn't give to never have to see or hear from him again.

This move will not go over well. People like their luxury automobiles, especially the German ones and pissing off one of our strongest allies is a really stupid move. Why does he think he can do things like this and suffer no repercussions? He such a stupid, petty man.

[Hoyt]

2. So how would that affect German cars made right here, employing thousands. I guess trump

figures if German imports -- with other countries to follow -- are blocked, folks would be forced to buy American cars. Geezus. When it's us against the world. I think we'll lose.

[Cha]

4. LYING POS is Jealous of Germany.

[dameatball]

5. I have my doubts about imported vehicles being a "threat to national security."

There has always been economic competition in the auto industry. Otherwise we would still be driving those 60's and 70's type gas hogs.

It will be interesting to see what this so-called "investigation" will come up with.

[MineralMan]

7. That's just a thumb in the eye at Angela Merkel, really.

Trump's "personal" diplomacy at work. She made him look stupid a couple of times, so this is his payback.

Trump is a middle school boy at heart.

[Yo_Mama_Been_Loggin]

12. He makes himself look stupid

Merkel perhaps amplified it nothing more

[yallerdawg]

8. Who's he hurting? Alabama Hyundai yesterday. Today:

[Totally Tunsie]

10. When trump drove himself, he drove a Benz.

Among other foreign imports, hippo-crit has himself owned at least a couple of Mercedes Benz autos.

[link:http://www.businessinsider.com/donald-trumps-car-collection-2017-1|

"Mercedes-Benz SLR McLaren

Car Keys


Over time, Trump has owned the likes of the Mercedes-owned Maybach limousine and the more recent S600 saloon, according to Goldasz.

"Probably the most intriguing Mercedes which Donald has owned, though, is the SLR McLaren supercar," he said. "It was originally launched back in 2003, back when Mercedes and McLaren Automotive were close partners. The combined efforts of these brands resulted in the creation of a striking two-door grand tourer which boasted 617bhp as standard from a supercharged V8. The only things possibly more striking than that were the car's Formula 1-esque nose and its big gullwing doors."

[shanny]

11. Now he's effing with the wrong demographic....

No Porsches, Audis, BMWs etc etc etc? The 1% will howl.