Mercedes, BMW buyers may want to reconsider their plans

President Donald Trump has openly used tariffs and the threat of tariffs to negotiate deals in the past, but his latest tariff threats could prove costly to car buyers seeking European luxury. Last July, three months after he first announced his universal "Liberation Day" tariffs, the president posted that Japan had "agreed to buy billions of dollars worth of military and other equipment, and give us 90% of 550 billion dollars — and more!” after the two countries agreed to a deal that lowered U.S. automot ...