Germany 'could file suit against Trump' over border tax | Bangkok Post: news - News Summed Up

Germany 'could file suit against Trump' over border tax | Bangkok Post: news


(Reuters photo)BERLIN - Germany could file a suit against the US at the World Trade Organization over President Donald Trump's proposed border tax, the economy minister said on Friday ahead of a meeting between Chancellor Angela Merkel and Mr Trump later in the day. Mr Trump has warned that the US will impose a border tax of 35% on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the US market. Asked how Germany would react to the proposed tax, Economy Minister Brigitte Zypries told Deutschlandfunk radio it was very difficult because of the complexities of such a tax system. Later on Friday, Mr Trump and Mrs Merkel are due to hold their first meeting since the new US president took office in January. "We know ourselves that that's a problem and we're working on it," Ms Zypries said.


Source: Bangkok Post March 17, 2017 09:30 UTC



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