Trump to impose total ban on luxury German cars: report

President TrumpDonald John TrumpTrump says he doesn't want to use 'adversary' to describe Russia Comey urges Americans to vote for Democrats in midterms Roby wins Alabama GOP runoff, overcoming blowback from Trump criticism MORE wants to impose a total ban on the imports of German luxury cars, according to a new report from CNBC and German magazine WirtschaftsWoche.

Several U.S. and European diplomats told the news outlets that Trump told French President Emmanuel Macron about his plans last month during a state visit.

Trump reportedly told Macron that he would maintain the ban until no Mercedes-Benz cars are seen on Fifth Avenue in New York.

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Shares of Daimler, Porsche and Volkswagen were lower on Thursday, shortly after the weekly German business magazine published the report.

The Hill has reached out to the White House for comment.

The report comes a week after Trump ordered Commerce Secretary Wilbur RossWilbur Louis RossOn The Money: US files complaints at WTO | House leaders get deal to boost biz investment | Mnuchin says US will consider Iran sanctions waivers | FCC deals blow to Sinclair-Tribune merger Ex-cyber officials demand to know security measures for 2020 Census It’s time to confirm the US Export-Import Bank Board for our economic security MORE to investigate auto tariffs and probe whether car imports are a danger to national security. A similar national security argument was used when Trump placed steep tariffs on aluminum and steel imports in March.

Trump and congressional Republicans are preparing to clash over the proposed tariffs, which could be as high as 25 percent.

A number of German automakers have plants in the U.S., including Mercedes-Benz in Alabama and BMW in South Carolina.