“We’re also an American company.”
Mercedes-Benz (MBGAF) They are preparing for the Trump trade war by defeating the hatching of costs and boosting innovation in EVs and hybrids after a challenging year.
But CEO Ola Källenius has a message for the Trump administration. Don’t forget how much you invested in the US.
Nearby: February 20th, 3:54:56 PM EST
“We’re also an American company,” Kellenius answered a video call with a reporter on Thursday, talking about how the company will handle potential tariffs. “Yes, I have a German-headquarters and European origins, but I feel like I am American. I myself have spent six years in the US Mercedes career. My children were born in the US. I feel deep, deep. I’m connected to the US.”
“We are ready to continue investing billions and want to expand our footprint in the US, so we are committed. A little-known fact, we are from the US It is one of the major industrial exporters of the Tuscaloosa plant. Two-thirds of vehicles made from Tuscaloosa plants are actually out in the world.
The automotive industry could decline as President Trump seeks to implement tariffs.
On Tuesday, the president raised a 25% automobile fare.GM) and Ford (f) and their overseas rivals, Mercedes-Benz.
Nearby: February 20th at 4:02pm EST
Of the 374,000 vehicles Mercedes-Benz sold in the US last year, more than half were imported, according to the company. Approximately 13% of German automobile exports go to the US more than any other country. According to new data From the German Automobile Association VDA.
“Tax is the wrong negotiation tool,” said VDA President Hildegard Müller. In this week’s statement,.
The government already has it 25% tariffs were collected on all imported steel In addition to existing obligations, a 10% tariff on Chinese imports. China retaliated and placed tariffs on some chips and metals.
read more: What are customs duties and how do they affect you?
Trump recently agreed to suspend 25% tariffs in Canada and Mexico until early March.
Automotive leaders have begun to publicly speak out about the issue of tariffs as they attempt to shake up Trump’s views on their utility for the US economy and businesses.
“If they become permanent, there are many different things you need to think about. Where do you allocate plants and do you move plants?” Wednesday.
“These are questions that don’t have the answers today, because just as the market is priced with the big impact of losing tariffs and profitability, we also think about the world. Please. You’ll spend billions of capital before you finish.”