Trump Blasts German Carmakers’ U.S. Sales, Threatens Barriers

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    Why are so many German cars sold in the US? Well POTUS Donnie maybe because the quality of a German car built in the US (and majority of which are not Union facilities) are superior to the American models that are majority built outside the US.

    Then again, let see what’s in your garage under Trump Tower. I get there’s quite a few European models – Lambo’s (owned by Volkswagen) and Ferrari’s collecting dust- PB/TK

    Trump Blasts German Carmakers’ U.S. Sales, Threatens Barriers – By Dalia Fahmy and Christoph Rauwald
     / May‎ ‎26‎, ‎2017

    German carmakers found themselves at the receiving end of renewed attacks by President Donald Trump, who reportedly chided them for selling too many vehicles in the U.S., contributing to a lopsided German trade surplus that’s hurting the U.S. economy.
    “The Germans are bad, very bad,” Trump told EU officials in a closed-door meeting, Der Spiegel reported, citing unidentified attendees. “Look at the millions of cars that they sell in the U.S. Terrible. We’re going to stop that.”
    Trump has repeatedly criticized Germany’s high trade surplus with the U.S. In a Bild newspaper interview in January, he threatened luxury-car maker BMW AG with a 35 percent import duty for foreign-built cars sold in the country. “If you go down Fifth Avenue everyone has a Mercedes Benz in front of his house,” he told Bild, while lamenting the lack of Chevrolets in Germany. General Motors Co. has withdrawn the brand from Europe for some years.

    German carmakers like Daimler AG, Volkswagen AG and BMW have responded to the attacks with a mix of defiance and mollification. BMW Chief Executive Officer Harald Krueger, one of a small group of business leaders to accompany German Chancellor Angela Merkel on her first trip to visit Trump at the White House, has defended the importance of free trade and noted that BMW’s biggest plant worldwide is in Spartanburg, South Carolina — making the manufacturer the biggest exporter on a net basis from the U.S.

    Continue to Bloomberg.com article: https://www.bloomberg.com/politics/articles/2017-05-26/trump-blasts-german-carmakers-u-s-sales-and-threatens-barriers

     

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