Economics
Trump Wants European Autos BMW, Mercedes to Be Made in America
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President Trump has given European auto manufacturers a way to avoid an escalation of the trade war, saying they can avoid tariffs on cars if they build more plants in the U.S.
“They have BMW, they have Mercedes, they have a lot of very good cars that come in,” he said in an interview with Fox Business Network’s Maria Bartiromo airing Friday. His “end game” on the issue is that European carmakers will “build their plants in the United States and they have no tariffs.”