Published: Fri, June 01, 2018
Global Media | By Garry Long

Trump reportedly wants to push German carmakers out of the U.S.

Trump reportedly wants to push German carmakers out of the U.S.

German business magazine Wirtschaftswoche reports that during French President Emmanuel Macron visit to Washington April, Trump said he wanted to exclude German models from America.

Shares of German automakers fell Thursday following the report.

Citing several unnamed European and United States diplomats, the magazine reported that Trump told Macron in April he would stick to his trade policy so with the aim of preventing Mercedes-Benz models from rolling down Fifth Avenue in NY.

The Trump administration last week launched a Section 232 trade investigation into vehicle imports.

Meanwhile, The Associated Press notes "President Donald Trump's administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions".

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German carmakers may be pushed out of the United States as President Donald Trump wants to stop them from cruising America's highways, according to German magazine Wirtschaftswoche.

It's unclear what policy Trump could wield to make this happen, and also whether it would go beyond automobiles produced outside the United States. BMW, Mercedes-Benz and Volkswagen now build cars on USA soil. How many Chevrolets do you see in Germany? In January 2017, prior to his inauguration, he said in an interview, 'When you walk down Fifth Avenue, everyone has a Mercedes-Benz in front of their house.' But that's not reciprocity.

The U.S. trade market has been rocky the past few months. Before being elected, he reportedly owned several Mercedes, and photos have shown him driving a Rolls-Royce - a product of BMW.

At the time, the president called Germany a great vehicle producer but said that the business relationship with the United States was an unfair one-way street.

The White House has not responded to requests for comment at this time.

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