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Trump plans to impose total ban on luxury German cars

Started by David Icke Bot, Jun 01, 2018, 06:17:05 AM

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David Icke Bot

Press TV

Trump plans to impose total ban on luxury German cars: Report

'US President Donald Trump is reportedly planning to impose a total ban on the imports of German luxury cars.

Several American and European diplomats told German magazine WirtschaftsWoche that Trump told French President Emmanuel Macron about his plans last month during a state visit.

Trump said he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York, the weekly business magazine reported on Thursday citing several unnamed diplomats.

The exclusive report didn't provide more details on what policies the Trump administration will use to effectively ban the premium carmakers. Spam_A Spam_B After the report was published, shares of Daimler, Porsche and Volkswagen dropped.

The report comes less than two weeks after Trump ordered Commerce Secretary Wilbur Ross to launch an investigation into automobile imports to determine whether they "threaten to impair the national security" of America.

A similar national security argument was presented when the president imposed steep tariffs on aluminum and steel imports from China, Russia, Germany and some other countries in March.'

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David Icke Bot

RT - Russia Today

Trump's tariffs to kill thousands of US jobs – study

'US President Donald Trump's trade war is supposed to create more jobs, but a recent study shows the reality may be more bitter for the 'America First' policy.

The US recently imposed tariffs on steel and aluminum coming from its allies in the European Union, Mexico and Canada. The trade penalties, 25 percent on imported steel and 10 percent on imported aluminum, took effect on June 1.

"The tariffs and retaliation would increase US steel employment and non-ferrous metals (primarily aluminum) employment by 26,346 jobs, but cost a net of 495,136 jobs throughout the rest of the economy, for a total net loss of nearly 470,000 jobs," said Joseph Francois and Laura M. Baughman, economists with consulting group The Trade Partnership. Spam_A Spam_B Trump's trade views may cost even more US jobs, according to analysis by the US Chamber of Commerce. The number of jobs at risk is 2.6 million, it has warned.

"A growing list of tariffs proposed or imposed by our government, as well as the continued uncertainty over the future of NAFTA, threatens to undermine the economic progress we have made," Chamber CEO Tom Donohue wrote in a memo.

It emerged after Commerce Secretary Wilbur Ross announced the tariffs last Thursday. The EU said it would retaliate in the World Trade Organization by levying jeans, bourbon whiskey, Harley Davidson motorcycles, and other traditional American goods.'

Source   - RT


Last Edit by Humphrey