President Trump has said that he’s going to fix our ‘bad trade deals’.
According to reports from CNBC and German magazine WirtschaftsWoche, President Trump wants to issue a ‘total ban’ on luxury cars from Germany.
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.
Source: CNBC
The Guardian reports that Trump said, ‘If you go down Fifth Avenue everyone has a Mercedez Benz in front of his house, isn’t that the case? The fact is that… there is no reciprocity. How many Chevrolets do you see in Germany?’
President Trump said that he was going to look out for America First.
Do You Like Trump's 'Put America First' Attitude Toward German Manufacturing and Imports?
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