Trump wants to bar German luxury cars in US

The Mercedes Benz factory in Tuscaloosa Alabama

The European Union imposes a 10 percent tariff on cars imported from the U.S. The U.S. tariff on European made cars is now 2.5 percent.

U.S. President Donald Trump wants to push German carmakers out of the U.S. and to never see another Mercedes-Benz rolling down New York's Fifth Avenue, Reuters quotes German magazine Wirtschaftswoche.

"Trump's grudge against the German automaker - and especially against Mercedes models in NY - is not new".

Sources included diplomats from both the United States and Europe who cited that Trump told Macron that he would "maintain his trade policy until no Mercedes models rolled on Fifth Avenue in NY".

The Trump administration has opened a trade investigation into whether vehicle imports have damaged the US auto industry.

European Union passenger vehicle imports from the United States were worth 6.2 billion euros ($7.3 billion) previous year, while the bloc's USA exports topped 37 billion euros, according to Brussels-based industry association ACEA.

President Donald Trump has reportedly escalated his rhetoric against German automakers.

"When you walk down Fifth Avenue, everyone has a Mercedes-Benz in front of their house", Trump said prior to his inauguration, "How many Chevrolets do you see in Germany?" BMW owns the Rolls-Royce and BMW brands.

At the time, the president called Germany a great vehicle producer but said that the business relationship with the United States was an unfair one-way street.

German carmakers control 90 percent of the USA premium auto market, with BMW (BMWG.DE) owning the Rolls-Royce and BMW brands while Daimler (DAIGn.DE) has Mercedes-Benz and Volkswagen (VOWG_p.DE) controls Bentley, Bugatti, Porsche and Audi. For example, Mercedes-Benz builds the latest G-Class at Magna-Steyr's plant in Austria and the forthcoming Audi E-Tron Quattro is a product of Belgium.

The White House did not immediately respond to CNBC's request for comment.

Related News:

  • Roma want to keep hold of Alisson

    Roma want to keep hold of Alisson

    Speaking about the switch, Klopp said: 'We have signed a fantastic player, but someone who is an equally fantastic person I think. The scenes are still running through my head again and again. "These goals cost us the title, basically".
    Premier League new boys preparing bid for in-demand Newcastle star

    Premier League new boys preparing bid for in-demand Newcastle star

    For either Aston Villa or Fulham, a place in the Premier League and the riches that come along with it await. But they defended heroically to end the club's four-year exile from the Premier League.
    Vindication, triumph, also fear: Weinstein accusers react

    Vindication, triumph, also fear: Weinstein accusers react

    Weinstein was released after posting $1 million bail and was fitted with a monitoring device which will track his movements. The NYPD is also looking into an accusation by another woman who said he assaulted her in her apartment eight years ago.
  • Teslas ‘crash with Autopilot engaged’ in California and Greece

    Teslas ‘crash with Autopilot engaged’ in California and Greece

    The carmaker says the function is not created to avoid a collision and warns drivers not to rely on it entirely. A Tesla that the driver said was in Autopilot mode struck a parked police vehicle in Laguna Beach, Calif.
    Alberto approaches Panhandle, as more rain expected in Central Florida

    Alberto approaches Panhandle, as more rain expected in Central Florida

    It is expected that Alberto will bring heavy rainfall that will last well into the week and stretch into areas of the Ohio Valley. Meteorologists expect a 60 percent chance of rain with winds at 10 to 20 miles per hour , and gusts of up to 25 miles per hour .
    NASA Astronaut Alan Bean dies at 86

    NASA Astronaut Alan Bean dies at 86

    She wrote that he was her "hero" and she felt "fortunate to have met him". "Retired astronaut Clayton Anderson tweeted "#RIP Alan Bean .
  • Moscow invites N.Korea's Kim to visit

    Moscow invites N.Korea's Kim to visit

    Working-level parties from both North Korea and the United States are in the island state, looking into venues and logistics. Trump's letter, the aides said, was created to pressure the North on the worldwide stage for appearing to have cold feet.
    'New possibilities' have emerged to form Italian government, says PM-designate

    'New possibilities' have emerged to form Italian government, says PM-designate

    His appointment comes days after efforts by the Five Star and the League to form a coalition government collapsed. Di Maio has proposed moving contested ministerial candidate Paolo Savona to a different Cabinet post.
    Israel threatens to 'act' against Iran 'anywhere in Syria'

    Israel threatens to 'act' against Iran 'anywhere in Syria'

    He said that point of view, according to which the Islamic Republic of Iran is the cause of all troubles in the Middle East is wrong.
  • The Trump and Kim show - Singapore summit is on, for now

    The Trump and Kim show - Singapore summit is on, for now

    During a campaign rally in Atlanta in June 2016, Trump said he would want to talk nukes with Kim over burgers and fries. Others have noted that 6.3 million North Koreans serve in the country's reserve forces.
    Warriors’ Game 6 Revival Keeps Series Alive Against the Rockets

    Warriors’ Game 6 Revival Keeps Series Alive Against the Rockets

    And while it's easy enough to say that the Warriors simply shot better Saturday, there was a bit more to it than just that. It slows the Warriors' offense down while making them more predictable, and that favors the Rockets' defense.
    Utah man, wife freed from Venezuela, return to US

    Utah man, wife freed from Venezuela, return to US

    Holt and his wife were being held at a prison in Caracas known as the Helicoide where the Sebin keeps political prisoners. Trump says 17 prisoners have been freed from overseas captivity since he's been president and that others would be coming.


Most liked

ShoppingTown Sears employees say store will close in September
Sears has been closing stores on Long Island for years, the latest a location in Hicksville it shut down in April. Some 400 Sears and Kmart stores have closed in the past year while the parent company continues to stay solvent.

Kim Kardashian met Donald Trump at White House to discuss prison reform
Kardashian West appeared to preview the visit on her Twitter feed, writing: "Happy Birthday Alice Marie Johnson ". However, if Trump were to grant Alice clemency, it would go against his approach to drugs so far.

Neymar labels Real Madrid links 'nonsense'
Players then travel to London hours later and will set up camp until June 8 at Tottenham's training ground. Despite not playing in three months, the Brazilian winger is determined to go to Russian Federation .

Kim Kardashian West Is Talking Prison Reform With Jared Kushner
President Trump , for his part, tweeted back a photo from his get-together with Kardashian, calling it a "great meeting". She was sentenced to life without parole and now resides in Alabama's Aliceville Federal Correctional Institution.

Paris mayor praises Malian 'hero' for scaling building to save child
Macron urged Gassama to put in his request for nationalization papers, promising he would be naturalized into the country. Gassama said he was just walking by when he saw a crowd gathered in front of the building. "I ran.

Apple Releases iOS 11.4 With Messages in iCloud and AirPlay 2
The iOS 11.4 update is available today. iOS users should get the notification on their iPhones and iPads to update their devices. The iOS 11 .4 update includes support for AirPlay 2 multi-room audio, support for HomePod stereo pairs and Messages in iCloud .

White House calls off trade truce as talks continue
President Donald Trump and Chinese President Xi Jinping shake hands during a meeting in November. China has made similar promises to act better on trade with the U.S.in the past.

Kevin Durant's performance in the Western Conference Finals was record
That Cavs' team had Kyrie Irving as their No.2 scorer, and they were facing a Warriors' team that had yet to sign Kevin Durant . Still, Curry is widely seen as the impetus for the Warriors and, well, James is the best player in the league for a reason.

Warriors’ Andre Iguodala ruled out for Game 7
Houston's Most Valuable Player candidate James Harden dominated early, finishing with 32 points, nine assists and seven rebounds. Yet, Warriors coach Steve Kerr downgraded Iguodala's status to "doubtful". "The guy's a machine".

'Solo: A Star Wars Story' disappoints at the box office
These opening numbers may seem stellar for most movies, but the sci-fi was eclipsed by Deadpool 2's $125 million debut last week. Screening of the film " Solo: A Star Wars Story " out of competition - Red Carpet Arrivals - Cannes, France May 15, 2018.

Unexpected airport arrival: Dog gives birth at Tampa International
The puppies' father, Nugget, looked on during the birth. "Every time she's ready to deliver another one he starts jumping around". And even though they missed their flight, Van Atter is going hom e with some special souvenirs born in the Sunshine State.

'It was really hard after Mo's injury'
Aziz added that Salah would hopefully be in the final list of Egypt's team at the World Cup, to be officially announced on June 4. However, many Liverpool fans were left angry and disappointed when Salah was brought down by Real Madrid defender Sergio Ramos .

Boston Celtics guard Kyrie Irving underwent surgery for deviated septum
Jeff Green stepped up to score 19 points and grab eight boards. "You just have to have ideal intentions", Stevens said Saturday. LeBron James' Cleveland Cavaliers have eliminated Aron Baynes' Boston Celtics , advancing to the NBA Finals series.

Mark Webber: Vettel would ‘block’ Hamilton move to Ferrari
Ricciardo had already smashed the all-time track record repeatedly in practice before qualifying in 1:10.810. He said: "He is driving well and Red Bull have got the best auto here". "Negative", came the reply.

Record Audiences Get Set to Make the 2017 Grand National the Biggest To Date
For some , it will be a case of asking which horses have been at their most impressive this season that will give them the clues as to which Grand National horses to bet on .