...what an economic ignoramus.
President-elect Donald Trump has warned the United States will impose a border tax 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.
Trump gave the warning in an interview with German newspaper Bild.
A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China.
Trump said BMW should build its new car factory in the United States because this would be "much better" for the company.