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The Trump Administration has been conducting a full-court press to get the German auto industry to move more of its production to America.
President Trump announced withdrawal of 5,000 U.S. troops from Germany after Chancellor Merz's comments.
KEY POINTS
- Trump threatened a 25% tariff on EU autos, citing noncompliance with a 15% existing tariff.
- German automakers may shift more production to the U.S., including Porsche sub-assembly at Scout Motors.
- Southern U.S. electricity costs are only about 25% of Germany's green energy costs, incentivizing relocation.
- Atlanta Fed estimates 3.5% Q2 GDP growth, but onshoring could push it to 5% by Q3.
COMPANIES
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