brings out the creativeness. let s do business asian carmakers shares are getting off track today the german ones to washington wants to impose new tariffs on imported vehicles it claims it has evidence they ve damaged the domestic industry weakening the economy impacting national security the same argument to justify higher judi s on steel and. german cars remain popular in the united states that s a thorn in the side of u.s. president donald trump who maintains that foreign imports have a road it to the domestic car industry over the past two decades u.s. car imports have risen by fifty percent while the number of workers in american car plants has been falling german factories in the u.s. have thousands of new hires german auto makers account for one in six jobs in the u.s. car industry but now donald trump is reportedly mulling a plan to impose import tariffs of up to twenty five percent on vehicles european
plants has been falling german factories in the u.s. have thousands of new hires german auto makers accounted for one in six jobs in the u.s. car industry but now donald trump is reportedly mulling a plan to impose import tariffs of up to twenty five percent on vehicles european car makers at present pay about a tenth of the. carmakers like mercedes b.m.w. and fox which money factor in the u.s. would be less badly hit than companies like g.m. porsche last year almost half a million german cars were exported to the u.s. it s not only german car makers that are fearing a potential tariff hike japan another major car exporter is also feeling the heat. so if the u.s. import tariffs go ahead they cause great confusion to the global economy have a negative impact on multilateral trade under the w t o system that would be very