Trump Will Reportedly Impose Total Ban on Imports of Luxury German Cars

U.S. President Donald Trump and German Chancellor Angela Merkel shake hands at the conclusion of their joint news conference in the East Room of the White House in Washington, U.S., March 17, 2017. REUTERS/Jim Bourg

President Trump wants to impose a total ban on the imports of German luxury cars, according to a new report from CNBC and German magazine WirtschaftsWoche.

Several U.S. and European diplomats told the news outlets that Trump told French President Emmanuel Macron about his plans last month during a state visit.

Trump reportedly told Macron that he would maintain the ban until no Mercedes-Benz cars are seen on Fifth Avenue in New York.

Shares of Daimler, Porsche and Volkswagen were lower on Thursday, shortly after the weekly German business magazine published the report.

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SOURCE: The Hill, Morgan Gstalter

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