Are these tariffs working Are there reciprocal tariffs working we imposed Is the question whether this is a good deal or a bad deal I guess what's the question that we're solving for right now What Trump said China's economy was in trouble 0.1 0.2 he said the American auto industry including the unions are going to thank him Impact likely to be on your members as a result of these 25 percent tariffs now in force Good morning Yeah I think this kind of protectionism will only produce losers We have in the United States two thousand companies from the German automakers with one brought about one hundred forty thousand employees We are producing eight hundred forty thousand cars in the US That's a great commitment And we are able to produce cars for the consumers with prices that are for them available This kind of status leads only to a spiral of protection The products will be much more expensive if you will hire inflation rate And that causes the all the consumers in the US Well President Trump wants your members to build more factories and have more exposure and more production in the US Are they prepared to do that Will they be doing that That's absolutely open because there are not clear investment procedures with the president acting like this We are invested in the US We have a great commitment to the US It's absolutely open to invest more at the moment It started quietly just percentages on a policy sheet But when President Trump unleashed aggressive tariffs on imported vehicles and components no one foresaw the economic earthquake that would follow German luxury titans Mercedes BMW and Audi who had long been symbols of engineering prestige in American driveways now find themselves forced out of a market they once dominated The 25 percent tariff on vehicles was devastating but the two hundred percent levy on certain components drove a dagger into the heart of the automotive supply chain setting off ripples of disruption far beyond car dealerships Welcome back to American Agenda
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