President Trump wants Americans to buy less European cars and Europeans to buy more American cars. To speed up the dream of his pipe on Sunday night, he said that new tariffs on European Union companies will be definitely “. (People from Mexico and Canada are Stay for now.) Among other things, their risk of 25 percent tariffs, car imports from the European Union may highlight a motor vehicle trade war.
Market response to this was estimated: European Automker shares fell yesterdayStelanis and Volkswagen were 6.8 and 5.6 percent below respectively. Volvo declined by 6.5 percent, while Mercedes Benz, BMW and Porsche lost between 3.6 and 4.3 percent.
Despite that Bavarian dynastyTrump has a special beef with German cars. One in 2018 report From German magazine WirtschaftswocheTrump told French President Emmanuel Macron that he wanted someone else to roll the fifth Avenue of Mercedes New York. And, according to many anonymous European and American diplomats, Trump also asked Macron why Germans buy so low Chevrolets, yet American driver selects BMW.
The accuracy of this conversation was confirmed in November last year when former German Chancellor Angela Merkel told the Italian news outlet. Courier dela sera This Trump “suffered from the idea that there were many German cars in New York.” Trump may be well as between them European cars have the President Apparently a Mercedes-Benz SLR McLaren, Lamborghini Diablo and Rolls-Royce Silver Cloud.
This is a strange passion because a Mercedes-Benz will be seen by Trump to bring Fifth Avenue down. Made in AlabamaMammath in the US is BMW and Volkswagen factory, also, manufacture large cars that suit our taste.
Trump has demanded that foreign auto companies should be oblivious to the fact that millions of cars have been made in the US by European brands since the 1990s – especially Germans.
Volkswagen said that last year it is investing $ 10 billion in the US, divided between its Chatanogo plant and A. Joint venture with EV Maker RevianSouth Carolina has the world's largest BMW assembly plant – it has created 396,000 automobiles last year – and has been so successful in 30 years that BMW's global CEO, Oliver Zips recently received one. Economic award From the Republican Governor of the state.
Porsche and Damler also make in the US. German vehicle manufacturers in Alabama, South Carolina, Texas and other Trump-Voting states directly appoint some 50,000 American workers, which are yet more and more employed by parts suppliers, and dealerships and service centers.
“There is no one to differentiate between what an American car and what a German car is,” Jacob kirkegardA European trading specialist with Washington explains the DC-based Peterson Institute for International Economics Wired.
Car is also an increased international co-pingling of brands. Historically GM and Ford, one of the “Big Three” American vehicle manufacturers, Chrisler was bought by Fiat, Italy and, since 2021, has been part of the Amsterdam-Sunquala. Stellentis groupWho allegedly owns All-American brands dodge, jeep and Ram trucks.