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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Trump to impose total US ban on luxury German cars: report https://t.co/C1fIfd7qYL pic.twitter.com/rc1uNy8PSw
— The Hill (@thehill) May 31, 2018
Thank you Donald for wrecking my retirement nest egg.
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