News and Commentary

Trump Threatens German Carmakers With 35% Tariff. Here Are 5 Reasons That’s Ridiculous.

Hank Berrien

In an interview with the German newspaper Bild, published on Monday, president-elect Donald Trump again resorted to protectionist, populist rhetoric, threatening German car companies that he would impose a border tax of 35 percent on vehicles imported to the U.S. market because they weren’t producing enough cars in America.

Trump blustered, “If you want to build cars in the world, then I wish you all the best. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax . . . I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that.”

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