In an attempt to “make America great again” President Donald trump operates on the old-fashioned and unpretentious – introducing prohibitions and protective duties.
Exit from the U.S. market — there
According to German newspaper Wirtschaftswoche, during the April meeting with the President of France Emmanuel Makron trump said that he was going to block premium models Daimler and BMW access to the us market and “intends to pursue a tough trade policy as long as the Mercedes go down Fifth Avenue in new York.”
The Germans are bad, very bad. Scary to see how they sell millions of cars in the United States. We stop it!
In addition, last week the US President instructed his administration to explore the potential “devastating effect” of the import cars on American industry and to explore the possibility of introducing a 25 percent import duty. And in an interview with Bild trump generally put the figure at 35% of the value of each car imported from Germany.
Donald, how dare you?!
Also yesterday, trump refused to sign the agreement to extend the North American free trade area (NAFTA), which jeopardizes automakers whose plants are located outside of the USA: Volkswagen, Toyota, Nissan, Mazda, Lincoln, Honda, Ford, Fiat, Dodge, Chevrolet and Cadillac.
It is unclear, however, how these measures are consistent with the rules of the world trade organization (WTO), of which the USA still are.
For reference, in 2017 the German automakers have produced in factories in the United States more than 800 thousand cars and more than 650 thousand cars exported from Germany.
Donald trump got a new limo