Trump fires warning shot to Germany! The media do not want you to see this ...
Trump German manufacturers pay tariff on cars built outside U S.
Shares of German carmakers BMW, Daimler and Volkswagen fell after President-elect Donald Trump warned it will impose a border tax of 35 percent on imported vehicles from abroad Reuters.
The president-elect Donald Trump threatened the German car manufacturers with a tax on heavy import if they plan to sell cars in the United States that have been built in other countries, repeating a demand that shook the industry global car and its greatest players at home and abroad.
The last promise to impose tariffs on imported cars was made to the German newspaper Bild In a translated interview, the newspaper quoted Trump saying If you want to build cars in the world, then I wish you the best you can build cars for the US, but for every car that comes in the USA, you will pay 35 percent tax.
I would say BMW that if you build a plant in Mexico and intend to sell cars in the United States without tax of 35 percent, then you can forget that, Trump said.
Trump has issued similar warnings, via Twitter, Ford, GM and Toyota, but Reuters reports that a proposed tariff has already raised tensions in Germany, the largest US trading partner in Europe and a key political ally throughout the Obama administration.
German manufacturers sold about 1 3 million vehicles in the US last year, the data show WardsAuto, representing 7 6 percent of all new vehicle sales in the most important brands in the US include BMW Mercedes-Benz, Volkswagen, Audi and Porsche.
Participants stand near the traffic in the BMW 2017 North American International Auto Show in Detroit on January 10 Andrew Harrer Bloomberg.
Manufacturers and German suppliers have increased production of cars in the United States of 214,000 to 850,000 between 2009 and 2016, according to Matthias Wissmann, President of the German Association of the Automotive Industry Speaking at the International Auto Show in Detroit last week, Wissmann said that 41 percent of these cars are sold in the United States and the rest are exported to other countries.
The German manufacturers employ 33,000 people in the US and German suppliers have another 77,000, said Wissmann.
The German Association of the Automotive Industry Monday reiterated these figures after Trump's comments were published Wissmann said in a statement that it was unclear whether the tariff threat Trump would turn into real politics, and if such a policy have the political support to get through Congress.
Like most automakers, German carmakers have also expanded production to Mexico, where labor and world trade are cheaper than in the US.
BMW plans to build a new plant in Mexico, which is expected to cost $ 1 billion and employ 1,500 workers Reuters reported that BMW executive Peter Schwarzenbauer said that the project would proceed without change.
A BMW spokesman in North America said the factory in Spartanburg, South Carolina is the largest in the world, employing 8,800 people and producing 411,000 vehicles in 2016. The company plans to invest 1 billion there begins production of the BMW X7 sport utility vehicle the company in 2018.
The question is the commitment and BMW has made a significant commitment to the U S when it began manufacturing vehicles in America there are more than 22 years, said spokesman Kenn Sparks.
Trump German manufacturers pay tariff on cars built outside U, asset, German carmakers.