German carmakers threatened with steep border tax by Donald Trump

President-elect Donald Trump has got car manufacturers worried. He has spoken out numerous times in public about his plans of imposing a tax on carmakers importing vehicles into his country. Trump has said that a border tax of 35 per cent would be imposed on vehicles imported into the USA by carmakers.

The latest ones to face his ire are German car manufacturers. During an interview with German newspaper Bild, Trump ended up criticising the carmakers based in Germany for not making sufficient cars in the United States. "If you want to build...

Updated Date: Jan 16, 2017 18:04:16 IST