Trump threatens BMW with border tax on cars built in Mexico

[Eugene]

Source: Reuters

BUSINESS NEWS | Sun Jan 15, 2017 | 5:15pm EST

Trump threatens BMW with border tax on cars built in Mexico

President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.

Trump was speaking in an interview with German newspaper Bild, which on Sunday released excerpts of his comments translated into German.

A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China.

Trump said BMW should build its new car factory in the United States because this would be "much better" for the company.

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Read more: http://www.reuters.com/article/us-usa-trump-bmw-idUSKBN14Z0XY

[ret5hd]

1. Why use the term "border tax"? Isn't that the same as "tariff"?

[bitterross]

2. IF Trump knew the slightest thing about the Constitution

He would know that congress is the one who levies taxes. No the President. I'm sure the execs at BMW know more than Trump does about the Constitution. And that Ryan has already said higher tariffs aren't happening.

[jmowreader]

3. Enough.

Now he wants a trade war with Germany?

[Kilgore]

4. Trump is putting the economic vice grips on Mexico.

Ford plant...gone
Carrier jobs....gone
BMW jobs...going

Me thinks this will somehow be linked to the wall.

[golfguru]

6. add to that GM, Chinese investor MA, and many others

who have already declared they will create thousands of jobs in United States. I have nothing against more jobs in USA.

[randr]

5. So the people who can afford BMWs will pay extra

They can use the tax breaks Twitler is giving them.
BMW should call his bluff.