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We could file suit against Trump at WTO over border tax, German econmin says

Reuters  |  BERLIN 

(Reuters) - German Economy Minister Brigitte Zypries said on Deutschlandfunk radio on Friday that could file a suit against U.S. President Donald over a proposed border

has warned that the United States will impose a border of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.

Asked how would react to the proposed tax, Zypries said it was very difficult because it was possible to adjust such a system, but it would then be necessary to change it around the world and that would not be possible from one day to the next.

"The other option is that we file a suit against him at the WTO - there are procedures laid out there because in the WTO agreements it is clearly laid out that you're not allowed to take more than 2.5 percent taxes on imports of cars," Zypries said.

(Reporting by Michelle Martin; Editing by Nick Macfie)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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We could file suit against Trump at WTO over border tax, German econmin says

BERLIN (Reuters) - German Economy Minister Brigitte Zypries said on Deutschlandfunk radio on Friday that Germany could file a suit against U.S. President Donald Trump over a proposed border tax.

(Reuters) - German Economy Minister Brigitte Zypries said on Deutschlandfunk radio on Friday that could file a suit against U.S. President Donald over a proposed border

has warned that the United States will impose a border of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.

Asked how would react to the proposed tax, Zypries said it was very difficult because it was possible to adjust such a system, but it would then be necessary to change it around the world and that would not be possible from one day to the next.

"The other option is that we file a suit against him at the WTO - there are procedures laid out there because in the WTO agreements it is clearly laid out that you're not allowed to take more than 2.5 percent taxes on imports of cars," Zypries said.

(Reporting by Michelle Martin; Editing by Nick Macfie)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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We could file suit against Trump at WTO over border tax, German econmin says

(Reuters) - German Economy Minister Brigitte Zypries said on Deutschlandfunk radio on Friday that could file a suit against U.S. President Donald over a proposed border

has warned that the United States will impose a border of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.

Asked how would react to the proposed tax, Zypries said it was very difficult because it was possible to adjust such a system, but it would then be necessary to change it around the world and that would not be possible from one day to the next.

"The other option is that we file a suit against him at the WTO - there are procedures laid out there because in the WTO agreements it is clearly laid out that you're not allowed to take more than 2.5 percent taxes on imports of cars," Zypries said.

(Reporting by Michelle Martin; Editing by Nick Macfie)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22