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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDonald Trump's $25 Billion Problem With Germany's Carmakers
If Trump decides on permanent tariffs of 25 percent, German car exports to the U.S. could fall by almost 50 percent in the long term, according to a study by the Munich-based Ifo economic research institute. Such tariffs would reduce Germanys car exports by 7.7 percent, or the equivalent of 18.4 billion euros, Ifo Director Gabriel Felbermayr said.
Chancellor Angela Merkel gave an impassioned defense of the countrys car industry over the weekend, calling the Trump administrations suggestion that European autos are a threat to U.S. security a shock. The European Union has vowed swift retaliation if Trump follows through on his threat and has prepared tariffs on a total of 20 billion euros in U.S. goods.
https://www.msn.com/en-us/money/markets/donald-trumps-dollar25-billion-problem-with-germanys-carmakers/ar-BBTZ73d?ocid=spartanntp
Scarsdale
(9,426 posts)HAS to be stopped SOON. He is destroying this country, both here and abroad. The gop thought they had their perfect president, but don't they see that he is also destroying their party? People are getting really agitated with him, and them. Surely the cash they got from Russia has already been spent, so why try to hide it? We all know about it. What else are they trying to hide?
duforsure
(11,885 posts)He's doing this to intentionally hurt our allies for putin . The republican party is done and now they are the fascist party of hate where its ok to abuse children, promote violence against minorities and groups that stand for Democracy, and that's why trump hates our allies, and is doing this now. They stand for Democracy and he doesn't.
no_hypocrisy
(46,312 posts)Response to yortsed snacilbuper (Original post)
Fuzzpope This message was self-deleted by its author.
CDerekGo
(507 posts)Does anyone besides me see the flaw in this plan? Mercedes has plants here, as well as Volkswagen and BMW. Not certain about VW, but do know that Mercedes and BMW both export their American made products around the world. What's to stop other countries from slapping a 25% Tariff on those products as well.
This idiot-in-chief has yet to realize that tariff's are not paid by the Manufacturing Countries, but by the Consumers. What an AZZHAT!
ooky
(8,934 posts)Take all trade back to pre-Trump administration.
Initech
(100,150 posts)The "haves" portion of Chump's base.