Trump Threatens German Automotive Industry

Trump Threatens German Automotive Industry

Donald Trump has once again come under fire for controversial remarks, with the U.S. President taking aim at Germany’s automotive industry in a recent meeting with EU officials.

In an interview with German magazine , Trump voiced his frustrations at Germany’s trade surplus with the United States. He described the Germans as “bad, very bad” in regards to international trade and vowed to put a halt to German vehicle imports into the U.S.

“See the millions of cars they sell in the U.S., terrible. We will stop this,” he said.

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Trump threatened to put a 35 percent tariff on German vehicle exports when speaking with German newspaper earlier this year. His desire to curb German vehicle imports is part of a wider reaching plan from the President to reduce the U.S. trade deficit with Germany. Last year, Germany’s trade surplus in 2016 was a record $282.7-billion, the highest ever recorded by the country.

[Source: CNBC]

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