Trump Threatens German Automotive Industry
Donald Trump has once again come under fire for controversial remarks, with the U.S. President taking aim at Germany’s automotive industry in a recent meeting with EU officials.
In an interview with German magazine Der Spiegel, Trump voiced his frustrations at Germany’s trade surplus with the United States. He described the Germans as “bad, very bad” in regards to international trade and vowed to put a halt to German vehicle imports into the U.S.
“See the millions of cars they sell in the U.S., terrible. We will stop this,” he said.
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Trump threatened to put a 35 percent tariff on German vehicle exports when speaking with German newspaper Bild earlier this year. His desire to curb German vehicle imports is part of a wider reaching plan from the President to reduce the U.S. trade deficit with Germany. Last year, Germany’s trade surplus in 2016 was a record $282.7-billion, the highest ever recorded by the country.
[Source: CNBC]
Sam McEachern holds a diploma in journalism from St. Clair College in Windsor, Ontario, and has been covering the automotive industry for over 5 years. He conducts reviews and writes AutoGuide's news content. He's a die-hard motorsports fan with a passion for performance cars of all sorts.
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My God, Trump is an IDIOT! Threatening another country's exports while he's still visiting that country! Japan imports more cars to the US than Germany does! Is he going to go after them next? Every time he opens his big mouth, I'm gladder and gladder I didn't vote for him.
People are buying more and more SUVs...aren't BMW SUVs built in South Carolina?