posted in Autofan News section January 16, 2017

Trump comments hit shares in German carmakers - BBC News

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Trump comments hit shares in German carmakers - BBC News

Shares in German carmakers BMW, Volkswagen and Daimler have fallen after Donald Trump warned that cars built in Mexico would be taxed at 35% if they were exported to the US. The President-elect said he would advise car firms "not to waste their time and money" by building factories in Mexico. If BMW sold cars into the US they would have to pay 35% tax, he added. Mr Trump's comments were seen in Germany as a threat to all car firms.

source: BBC News

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