Short Term Trading Weekend Lounge : 20 -22 Jan, page-99

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    what hasn't he said something about? BMW and US based auto manufacture was one of his more recent topics.

    https://www.nytimes.com/2017/01/16/business/trump-germany-bmw-mercedes.html?_r=0


    "... Nevertheless, Mr. Trump has been making a series of ever-broader demands that the auto industry manufacture in the United States to sell in the United States.
    The president-elect’s latest comments came on Sunday in excerpts from an interview with the German tabloid newspaper Bild. After praising German manufacturing prowess, Mr. Trump threatened to impose a 35 percent tariff — he called it a “tax” — on every car that BMW imported to the United States. BMW should build the factory in the United States, Mr. Trump said, where it would benefit from his plans to slash corporate taxes.
    Car exports are the lifeblood of the German economy, and the United States is one of the most important markets. New trade barriers would be a serious threat to German growth and could sour relations with one of the United States’ most important allies.
    “We take his comments seriously,” Matthias Wissmann, president of the German Association of the Auto Industry, said in a statement. “Restrictions in the Nafta zone would put a real damper on the economy.” ..."


    Last edited by webbj: 21/01/17
 
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