New York [U.S.]: Slamming their trade policies, U.S. President Donald Trump called the Germans “very bad” and vowed to limit the U.S. car imports from the country.
“See the millions of cars they are selling in the US. Terrible. We will stop this,” Trump said during the meeting with European Commission President Jean-Claude Juncker and European Council President Donald Tusk.
Trump said Germany was “very bad on trade but he doesn’t have a problem with the country,” CNN quoted President’s top economic adviser Gary Cohn as saying.
Igniting tensions with the E.U, Trump criticized Germany at a meeting with European Commission President Jean-Claude Juncker.
Trump believes America’s trade deficit is evidence that it is losing the global economic game. Its deficit in goods trade with Germany alone was worth $65 billion in 2016.
Trump said, “Germany’s BMW (BMWYY) should reconsider building a plant in Mexico, where it plans to start assembling the BMW 3 Series sedan in 2019.
“I would tell them, don’t waste their time and money — unless they want to sell to other countries,” he said.
“But I would tell BMW if they think they’re gonna build a plant in Mexico and sell cars into the U.S. without a 35% tax, it’s not gonna happen.”(ANI)