“Chancellor Angela Merkel took President Donald Trump to task before an audience of senior security officials in Munich, calling his administration’s suggestion that European autos are a threat to U.S. national security a “shock.”***
In a pointed defense of multilateral institutions ahead of a speech by U.S. Vice President Mike Pence at the Munich Security Conference, the German leader called for global trade and cooperation. The biggest BMW plant is in South Carolina, she said, not in the carmaker’s homeland of Bavaria in southern Germany. (Z: Does nobody fill Trump in on THE FACTS before he says things?)
“Look, we’re proud of our cars,” Merkel said Saturday. “We’re allowed to be. And these cars are built in the United States of America.”
“If these cars, which are no less a threat than those built in Bavaria, are suddenly a national security threat to the U.S., then that’s a bit of a shock to us,” Merkel said, to loud applause.
Still, Germany would be hurt by sanctions, according to data released Friday by the IFO Institute’s Center for International Economics.
If the U.S. imposed permanent tariffs of 25 percent, German car exports to the U.S. could fall by almost 50 percent, or about 17 billion euros ($19.2 billion), according to the German think-tank. Total car exports would fall by 18.4 billion euros, or 7.7 percent.
Exports from other sectors and to other countries would compensate these effects slightly, so that the total loss of exports would amount to about 11.6 billion euros, it said. ” (End of article from Bloomberg)
Merkel also got a standing ovation for her criticism of Trump at the end of her speech. Criticisms were for poor Ivanka, who was sitting in that audience. After Merkel spoke, VP Pence said ” “I bring greetings from the 45th president of the United States of America, President Donald Trump.” That was received with total silence from the crowd. By the way, I drive a German car, but the thought of paying 25% MORE for it would convince me to BUY AMERICAN.
WHAT ARE YOUR THOUGHTS ON THE TARIFF SITUATION AND GERMANY?
***Z: I JUST WANT TO INSERT HERE THAT MOST OF AMERICA’S PRETTY ‘SHOCKED’ THAT MERKEL HAS DESTROYED THE WHOLE FUTURE OF GERMANY (YES, WITHOUT THE TINIEST DOUBT) BY BRINGING IN AND PAYING SO VERY MUCH FOR WHAT SHE CALLS ASYLUM SEEKERS, TOO, SO LET’S NOT BE TOO SHOCKED, MRS. MERKEL.