Trump Wants to Drive German Luxury Car Brands Out of the US

Correction: The headline of this article has been updated to reflect that President Donald Trump wants to stop German luxury vehicle imports in the U.S. German companies point to their sizeable manufacturing investments in the U.S. and BMW has repeatedly pointed out that it is the largest vehicle exporter - by value - from the US.

The largest BMW assembly plant in the world is located in Spartanburg, South Carolina. The president has said he will levy tariffs on other auto imports, and some of these will be as high as 25% and will include vehicle parts.

He had earlier imposed similar sanctions on China, but had temporarily excluded the US' allies, including Australia.

US President Donald Trump has announced to French President Emmanuel Macron to exclude German premium vehicle makers from the US market.

The U.S. trade market has been rocky the past few months.

Germany's auto industry association VDA says its members exported 657,000 vehicles to North America previous year, with total exports of vehicle components, cars, engines, as well as second-hand vehicles totalling 31.2 billion euros in 2016.

But plans to target German automakers could be costly and potentially harmful to the American economy, according to experts.

A ban like this would huge ramifications for the United States auto industry.

German carmakers voiced dismay at the "incomprehensible" US steel tariffs that took effect Friday, adding to a chorus of criticism from global trade partners over the protectionist move by US President Donald Trump.

The report comes less than two weeks after Trump ordered Commerce Secretary Wilbur Ross to launch an investigation into automobile imports to determine whether they "threaten to impair the national security" of America. A temporary relief applying to the European Union now appears to be unlikely to be extended - but European Union negotiators are still trying to get a "soft cap" (which would allow additional imports above a "cap", but with duty attached).

Trump and congressional Republicans are preparing to clash over the proposed tariffs, which could be as high as 25 percent.

German auto companies export about 430,000 vehicles from USA factories to the rest of the world, the VDA said.

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