{"id":68757,"date":"2018-03-17T19:10:16","date_gmt":"2018-03-17T19:10:16","guid":{"rendered":"http:\/\/www.bnreport.com\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/"},"modified":"2018-03-17T19:10:16","modified_gmt":"2018-03-17T19:10:16","slug":"trump-targets-european-carmakers-with-big-plants-in-states-he-won-5","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/","title":{"rendered":"Trump targets European carmakers with big plants in states he won"},"content":{"rendered":"

WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a peculiar choice: He focused his criticism on two European brands, BMW and Mercedes-Benz, that have significant investments in two of the nation\u2019s most Trump-friendly states.<\/p>\n

\u201cOpen up the barriers and get rid of your tariffs,\u201d Trump said of the European Union\u2019s trade policies in a wide-ranging and rollicking address in Pennsylvania Saturday. \u201cAnd if you don\u2019t do that, we\u2019re going to tax Mercedes-Benz, we\u2019re going to tax BMW.\u201d<\/p>\n

Trump made no mention of the German brands\u2019 significance to two states that formed part of the bedrock of his support in 2016. BMW has an assembly plant employing more than 9,000 people in Spartanburg, South Carolina; about a third of the BMWs sold in the U.S. in 2017 were produced in the country, the company said. A Mercedes-Benz factory employs 3,500 people near Tuscaloosa, Alabama, according to data from the Alliance of Automobile Manufacturers.<\/p>\n

The president\u2019s plan to impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports prompted consternation from lawmakers and business leaders concerned that major employers in those states might cut back in the face of higher costs. Trump\u2019s latest attacks, meant to stir up populist enthusiasm, could backfire politically if they instead spur fears that jobs in Trump country might be in jeopardy.<\/p>\n

Dan Ikenson, director of the trade policy center at the libertarian Cato Institute in Washington, said Trump likely hopes tariffs on European car imports would spur the German companies to make more vehicles in the U.S. But he said the unpredictability of Trump\u2019s trade policies would more likely have the opposite effect.<\/p>\n

\u201cA countervailing factor would be a reluctance of the Germans to \u2018reward\u2019 this behavior, especially if it\u2019s unclear where trade policy is going,\u201d Ikenson told POLITICO. \u201cHis unorthodox and sometimes erratic behavior ultimately discourages investment in the United States.\u201d<\/p>\n

A White House spokesman did not respond to a request for comment Sunday. Trump has long said he believes it is unfair that the U.S. imposes a 2.5 percent tariff on European cars, while Europe has a 10 percent tariff for cars built in the U.S.<\/p>\n

He warned of possible new tariffs last week on Twitter after the European Union said it might take steps in response to new steel and aluminum tariffs. \u201cThey make it impossible for our cars (and more) to sell there,\u201d Trump wrote<\/a>. \u201cBig trade imbalance!\u201d<\/p>\n

Even before the president named the company Saturday, BMW was warning that targeting European cars would come back to bite the U.S.<\/p>\n

\u201cShould we get tariff walls, it would have an impact on jobs in the United States,\u201d BMW CEO Harald Krueger said last week, according to Reuters<\/a>.<\/p>\n

Trump won South Carolina in 2016 with nearly 55 percent of the vote, and he racked up<\/a> more than 60 percent of the vote in Alabama.<\/p>\n

But recent events showed he might not be invincible there. The candidate Trump endorsed in the Alabama Senate primary last year, Republican Luther Strange, lost. After Trump switched his backing to Republican nominee Roy Moore, he lost too, a shocking upset that made Doug Jones Alabama\u2019s first Democratic senator in 25 years.<\/p>\n

Daimler, the parent company of Mercedes-Benz, has a total of 23,500 employees in the U.S., according to data the company provided to POLITICO. Of 280,000 vehicles produced in Alabama last year, about 70 percent were exported, the company said. BMW also exports more than 70 percent of what it produces in South Carolina, the company told POLITICO, with China and Germany as the top two destinations.<\/p>\n

Exports of cars made in the U.S. could be hit if America\u2019s trading partners responded to new taxes from Trump with their own restrictions.<\/p>\n

A Daimler spokesperson declined to comment on Trump\u2019s Saturday remarks. BMW also did not comment Sunday.<\/p>\n

Senator Lindsey Graham, an on-again-off-again critic of the president\u2019s policies, told CBS News<\/a> last week \u2014 after Trump threatened<\/a> to tax European car imports without naming companies \u2014 that Trump should leave BMW alone.<\/p>\n

\u201cChina wins when we fight with Europe,\u201d Graham said. \u201cChina wins when the American consumer has higher prices because of tariffs that don\u2019t affect Chinese behavior.\u201d Asked about Trump\u2019s Saturday remarks, a spokesman for Graham did not comment directly but pointed to the CBS News interview.<\/p>\n

Trade experts said targeting imported cars with tariffs without going through a process like the White House followed with steel and aluminum would certainly cause international pushback.<\/p>\n

\u201cIt is not clear how long such a tariff would stand unchallenged,\u201d said Kristin Dziczek of the Center for Automotive Research.<\/p>\n

Original Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-68757","post","type-post","status-publish","format-standard","hentry","category-finance"],"yoast_head":"\nTrump targets European carmakers with big plants in states he won - Business News Report<\/title>\n<meta name=\"description\" content=\"WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump targets European carmakers with big plants in states he won - Business News Report\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-17T19:10:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"50\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Trump targets European carmakers with big plants in states he won\",\"datePublished\":\"2018-03-17T19:10:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/\"},\"wordCount\":782,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/\",\"name\":\"Trump targets European carmakers with big plants in states he won - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"datePublished\":\"2018-03-17T19:10:16+00:00\",\"description\":\"WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump targets European carmakers with big plants in states he won\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump targets European carmakers with big plants in states he won - Business News Report","description":"WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/","og_locale":"en_US","og_type":"article","og_title":"Trump targets European carmakers with big plants in states he won - Business News Report","og_description":"WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..","og_url":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-03-17T19:10:16+00:00","og_image":[{"width":200,"height":50,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","type":"image\/png"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Trump targets European carmakers with big plants in states he won","datePublished":"2018-03-17T19:10:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/"},"wordCount":782,"commentCount":0,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/","url":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/","name":"Trump targets European carmakers with big plants in states he won - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"datePublished":"2018-03-17T19:10:16+00:00","description":"WASHINGTON \u2014 President Donald Trump, expressing his ire over trade imbalances this weekend, made a p..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/trump-targets-european-carmakers-with-big-plants-in-states-he-won-5\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Trump targets European carmakers with big plants in states he won"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/68757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=68757"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/68757\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=68757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=68757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=68757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}