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ITALIAN PM CONTE ANNOUNCES RESIGNATION AMID TENSIONS IN COALITION
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Achtung baby: Trump wants German cars out of America
Published time: 31 May, 2018 10:48
US President Donald J. Trump's limousine is seen outside of the US Capitol Building © Kevin Dietsch © Global Look Press
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 cited several unnamed European and US diplomats claiming that Trump told his French counterpart Emmanuel Macron in April he would stick to his trade policy for long enough until no Mercedes-Benz models were rolling down New York’s Fifth Avenue.
The Trump administration has opened a trade investigation into whether vehicle imports have damaged the US auto industry. Within the EU, Germany is the biggest exporter of cars to the United States. German carmakers control 90 percent of the US premium auto market. BMW owns the Rolls-Royce and BMW brands. Daimler has Mercedes-Benz while Volkswagen controls Bentley, Bugatti, Porsche and Audi.
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https://twitter.com/RT_com/status/1001083165270736897
Germany seeks deal to end Brussels-Washington trade dispute https://on.rt.com/968y
Germany seeks deal to end Brussels-Washington trade dispute — RT Business News
Berlin is interested in a deal that would prevent the escalation of a trade war between the United States and Europe, according to German Economy Minister Peter Altmaier.
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8:50 PM - May 28, 2018
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Data from the industry association ACEA shows that EU passenger car imports from the United States were worth €6.2 billion ($7.3 billion) last year, while exports to the country topped €37 billion. In 2017, German automakers assembled 804,000 cars in US plants, exporting another 657,000 to North America, according to the VDA industry association.
Trump is expected to decide on Thursday whether to end an EU exemption from tariffs on US imports of steel and aluminum. Berlin has already warned such a move could lead to a damaging trade war.
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https://twitter.com/RT_com/status/820992544557400065
Trump to Germany: Buy American automobiles….German govt fires back ‘build better cars’ https://on.rt.com/80g8
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German authorities have criticized the investigation into vehicle imports, which could lead to tariffs of up to 25 percent on the same “national security” grounds that Washington used to impose metals duties in March. Analysts at Evercore ISI said last week imposing tariffs would cause a burden of €4.5 billion for German premium manufacturers, destroying their business.
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ITALIAN PM CONTE ANNOUNCES RESIGNATION AMID TENSIONS IN COALITION
HomeBusiness News
Achtung baby: Trump wants German cars out of America
Published time: 31 May, 2018 10:48
US President Donald J. Trump's limousine is seen outside of the US Capitol Building © Kevin Dietsch © Global Look Press
- 620
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 cited several unnamed European and US diplomats claiming that Trump told his French counterpart Emmanuel Macron in April he would stick to his trade policy for long enough until no Mercedes-Benz models were rolling down New York’s Fifth Avenue.
The Trump administration has opened a trade investigation into whether vehicle imports have damaged the US auto industry. Within the EU, Germany is the biggest exporter of cars to the United States. German carmakers control 90 percent of the US premium auto market. BMW owns the Rolls-Royce and BMW brands. Daimler has Mercedes-Benz while Volkswagen controls Bentley, Bugatti, Porsche and Audi.
RT
✔@RT_com
https://twitter.com/RT_com/status/1001083165270736897
Germany seeks deal to end Brussels-Washington trade dispute https://on.rt.com/968y
Germany seeks deal to end Brussels-Washington trade dispute — RT Business News
Berlin is interested in a deal that would prevent the escalation of a trade war between the United States and Europe, according to German Economy Minister Peter Altmaier.
rt.com
19
8:50 PM - May 28, 2018
Twitter Ads info and privacy
16 people are talking about this
Data from the industry association ACEA shows that EU passenger car imports from the United States were worth €6.2 billion ($7.3 billion) last year, while exports to the country topped €37 billion. In 2017, German automakers assembled 804,000 cars in US plants, exporting another 657,000 to North America, according to the VDA industry association.
Trump is expected to decide on Thursday whether to end an EU exemption from tariffs on US imports of steel and aluminum. Berlin has already warned such a move could lead to a damaging trade war.
RT
✔@RT_com
https://twitter.com/RT_com/status/820992544557400065
Trump to Germany: Buy American automobiles….German govt fires back ‘build better cars’ https://on.rt.com/80g8
390
9:54 PM - Jan 16, 2017
Twitter Ads info and privacy
390 people are talking about this
German authorities have criticized the investigation into vehicle imports, which could lead to tariffs of up to 25 percent on the same “national security” grounds that Washington used to impose metals duties in March. Analysts at Evercore ISI said last week imposing tariffs would cause a burden of €4.5 billion for German premium manufacturers, destroying their business.
