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Trump preparing to impose a total ban on German luxury carmakers from the U.S. market.

Trump wants to block Daimler from the US market

That German cars are a thorn in the side of US President Donald Trump has been known for some time. At the meeting with France’s President Macron it should have come to another verbal tip against Daimler.

US President Donald Trump has announced to French President Emmanuel Macron to exclude German premium car makers from the US market. On Macron’s visit to Washington in April, Trump said he would maintain his trade policy until no Mercedes models rolled on Fifth Avenue in New York. This reports the WirtschaftsWoche, citing several diplomats from Europe and the United States

Trump had instructed its administration last week to investigate whether car imports endangered US security, as in the case of steel imports. It threatens an import duty of 25 percent on European cars. The federal government is looking within Europe for allies for a defense strategy, but this is difficult. Germany exports by far the largest number of cars from all EU countries to the United States.

WiWo reports that Trump’s grudge against the German automaker – and especially against Mercedes models in New York – is not new.

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. “How many Chevrolets do you see in Germany? Not too many, maybe none at all, you do not see anything over there, it’s a one-way street,” said the real estate billionaire.

Although he is for free trade, but not at any price: “I love free trade, but it must be a smart trade, so I call him fair.”

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Source:

ZeroHedge

www.wiwo.de

 

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