Mexican Media Brands
Trump Jokes about Tariff Deal on German Cars
President Donald Trump flippantly suggested today that the European Union was close to agreeing on a 25% tariffs on German luxury cars shipped to the U.S.
#economics #labor
Share
President Donald Trump flippantly suggested today that the European Union was close to agreeing on a 25% tariffs on German luxury cars shipped to the U.S.
Trump delivered the zinger after signing a deal that will allow more American beef to be shipped to the EU, Bloomberg News reports. He returned to the podium and announced, “We’re working on a deal where the European Union will agree to pay a 25% tariff on all Mercedes-Benzs, BMWs coming into our nation, so we appreciate that.”
Trump quickly continued, “I’m only kidding.” He gestured toward the startled EU negotiation team, adding, “They started to get a little bit worried,” before walking out.
The subject of special tariffs on cars is no laughing matter to Germany’s auto industry. It has warned for a year that such a tax would have a huge impact on their export-based sales volumes. Trump has raised the threat of 25% levy whenever he feels that trade talks with the EU are stalling.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Tesla’s Losses Triple as Deliveries Rise
Tesla Motors Inc.’s third-quarter revenue rose 10% to $937 million, and deliveries of its electric cars jumped 49% to 11,600 units.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .