The U.S. Commerce Department is set to meet a Sunday deadline to deliver its recommendations to President Donald Trump on whether imported vehicles and parts pose a national security risk, and to outline options on how to address the issue, officials said on Thursday.
Trump would then have 90 days after Commerce’s recommendation to decide whether to impose tariffs…
Trump has urged the EU to drop its 10 percent tariff on imported vehicles. The U.S. passenger car tariff is 2.5 percent, while it imposes 25 percent tariffs on pickup trucks.
The Alliance of Automobile Manufacturers, whose members include General Motors, Volkswagen AG, Toyota Motor Corp, has warned tariffs would boost imported car prices nearly $6,000 on average.
Beautiful German weapon sale of the week – only it’s actually more like a purchase this time.
Because somebody has to admire them.
Wait a minute. Aren’t these the same Germans who tell us that Brexit is going to be the end of the world as we know it?
Brexit boost as Germans invest £30million in UK tank maker – A GERMAN defence giant yesterday defied Brexit doomsayers by pumping £30million into a British armoured vehicle business.
With the export (of a frigate) to Egypt, the Federal government maintains its controversial practice of supplying weapons to authoritarian regimes if these are considered to be regional partners of the Federal government. In addition, they will again break the promise not to deliver any more weapons to countries that are directly involved in the Yemen war (Saudi Arabia supports Egypt financially and makes this purchase possible and Egypt has participated in the Yemen conflict as a coalition partner with fighter jets).
Ägypten gehört ganz offiziell zu dieser von Saudi-Arabien geführten Koalition und hat auch mit Kampfjets an Missionen über dem Jemen teilgenommen. Indirekt dürften die Millionen für die deutschen Fregatten ohnehin aus Riad kommen. Seit Jahren hängt Ägypten finanziell am Tropf des Königsreichs. Ohne die massiven Zahlungen wären die ägyptischen Institutionen längst zusammengebrochen.
German Carmakers Jump on Potential U.S.-China Tariff Truce. This is how Germany works, folks.
BMW AG rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported American-made cars shipped to the world’s biggest automotive market. Daimler AG and Volkswagen AG also rose sharply.
BMW and Daimler, which export sport utility vehicles from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury auto manufacturers.
Autobosse treffen Trump Kurse von BMW, VW und Daimler schnellen in die Höhe.
German exports rebounded in May, providing more evidence of a strengthening of the economy in the second quarter.
Yeah, I guess that’s true. If you forget the exports last month to one particular country. Those have dropped 10% for some inexplicable reason. But I’m sure that will pick up again real soon, right?
Despite ongoing trade tensions, German exports did what they normally do: grow. In May exports increased by 1.8% MoM, from -0.3% in April. At the same time, imports increased by 0.7% MoM, from 2.6% MoM in April. As a result, the trade surplus narrowed somewhat, from EUR20.1bn to EUR19.7bn.
“Die Verunsicherung durch die Einführung von Importzöllen seitens der USA und die Gegenmaßnahmen der EU und Chinas machen sich direkt bei den Unternehmen bemerkbar.”
What? That was it? No more trade war hysteria? Just when it was starting to get interesting? What Luschen (duds).
The Wall Street Journal reported that Richard Grenell, the U.S. ambassador to Germany, has been in talks recently with the chief executives of German car makers BMW, Volkswagen and Daimler, where they pitched the idea of ending car tariffs between the U.S. and the EU.
During these talks, the executives said they would be in favor of scrapping these levies as part of a broader deal encompassing industrial goods, the Journal said.
“Germany has the right approach to resolving this trade disagreement among friends.”
Einen Auftrag zur Aufrüstung von Panzern für die Türkei hatte die Bundesregierung vor einigen Wochen noch gestoppt. Jetzt aber erhält das Land sechs neue Jagd-U-Boote – geliefert von ThyssenKrupp.
PS: Funny how these expensive exports always meet the client’s expectations but the weapons systems used in Germany never seem to work. Hard to believe, actually. It’s almost as if it were intentional. Nah.
Looks like Sig Sauer might get fined twelve million euros for illegally selling 36,000 handguns to Columbia.
Nach vier Jahren Ermittlungen gibt es eine Anklage gegen Sig Sauer. Eine Strafe von zwölf Millionen Euro droht: Der Waffenhersteller in Eckernförde soll über die USA illegal mehr als 36 000 Pistolen nach Kolumbien verkauft haben. Sig Sauer sieht sich «rechtskonform».
The contract will be signed in the coming weeks, German parliament member Fritz Felgentreu, responsible for defense affairs in the German Social Democratic Party, told “Globes.”
The German Ministry of Defense estimates the cost of the agreement, which includes leasing five Heron TP UAVs manufactured by IAI in cooperation with Airbus, at €1 billion over nine years.
Trump is right about trade and Merkel needs to do something about it, former German state secretary says.
In early March, Trump started by implementing tariffs on aluminum and steel imports — measures that did not represent a big impact for China, but did for countries like Japan and potentially Europe too.
Germany has also faced international criticism for its trade surplus, which means its exports outweigh its imports, as some see it as unfair, imbalanced and a cause for protectionism elsewhere.
“Germany is really out there as the main culprit, so to say, because Germany has the highest surplus, much higher than China in terms of GDP… Germany has to do something against it, that’s absolutely clear,”
