President-elect Donald Trump’s warning German BMW could be in for hefty import tariffs has triggered an immediate response from the carmaker and the economics minister. The president of the German Association of the Automotive Industry (VDA), Matthias Wissmann, said Monday Trump’s statements were being taken seriously. Gabriel said the US auto industry would become “worse, weaker and more expensive,” should punitive tariffs be imposed. Trump has also criticized that Germans were not buying Chevrolets at the same rate Americans were buying German cars, saying there was no reciprocity. The German economics minister replied that for this to happen the US would first have to make better cars.

Source: Daily News Egypt January 16, 2017 13:04 UTC