Trump Reportedly Mulling Freeze on Importation of German Luxury Cars

He told the French President he wanted to keep Mercedes Benzes off of NYC's 5th Avenue.

Mercedes-Benz unveils the 2019 CLS coupe during the auto trade show AutoMobility LA. (Kevork Djansezian)

President Donald Trump wants to keep German luxury cars out of the U.S. market, according to a story on CNBC. The German magazine WirtschaftsWoche published the original report, which stated that several U.S. and European diplomats heard Trump speak of his plans to French President Emmanuel Macron.

Through Trump did not detail any policy plans, he told Macron his main goal was to keep Mercedes-Benz’s off of New York’s Fifth Avenue.

Two weeks ago the Department of Commerce announced an investigation into automobile imports, prompting some to believe that Trump could take the same approach to foreign automobiles as he has to foreign metals. 

The InsideHook Newsletter.

News, advice and insights for the most interesting person in the room.