The American president intends to deprive the financial benefit of German companies, which currently occupy up to 90% of the premium car market in the US
American President Donald Trump, during a meeting with French leader Emmanuel Macron, promised to ban the import of premium German cars to the United States. This is reported with reference to its own sources, the publication Wirtschaftswoche.
During his April visit to France, Trump said that he “intends to continue to adhere to a tough trade policy as long as Mercedes-Benz cars drive on Fifth Avenue in New York.” In addition, the US president instructed his administration to investigate the potential “destructive effect” of importing cars on the American industry and to explore the possibility of imposing a 25 percent tax on such cars.
In May 2017, Donald Trump, at the NATO summit in Brussels, sharply criticized the “dominance of German trade turnover” and, among other things, promised to reduce sales of German cars to the United States. In particular, he called the Germans “bad” and said that he would put an end to American sales of their cars.
The American president has always spoken in favor of reducing the number of German cars in the US market. So, in an interview with Bild Trump said that he intends to impose a tax of 35% of the cost of each car imported from Germany.
Thus, Trump wants to deprive the financial benefit of German companies, which currently occupy up to 90% of the premium car market in the US. At the same time, a number of German automakers have their own enterprises in North America, including Mercedes-Benz, BMW and Volkswagen. In 2017, in the US, the Germans produced more than 800 thousand cars and more than 650 thousand cars were exported from Germany.