MEDIA SPOTLIGHT: Würth Group will not invest any more in the U.S. while President Donald Trump is in power, according to Fortune.

“Reinhold Würth, popularly known in Germany as the ‘Screw King,’ told the Sunday newspaper Bild am Sonntag that he had ‘made sure we are no longer investing in the U.S. at the moment.’”

“We make 14% of our annual sales there—EUR 1.8 billion [$2.1 billion]—but I do not want to increase our engagement in America any further,” the 83-year-old patriarch of the Würth family said.

Würth reportedly said his reticence about further investment was based on the “general, uncertain political situation” in the U.S., according to Fortune, which published the comments in an article titled “Germany’s Billionaire ‘Screw King’ Tightens the Screws on the U.S.: No More Investment Until Trump Goes.”

“We’ll wait and see if President Trump is re-elected in four years,” he told the paper. “Würth returns when he goes.”

A Würth spokesperson confirmed to Fortune that no additional acquisitions are currently planned in the U.S.

Würth’s comments follow Trump’s decision to impose 25% tariffs on steel and 10% tariffs on aluminum imports from the EU, Canada and Mexico. Germany accounts for 4% of American steel imports.

Trump is also pushing for 25% tariffs on car imports. Germany is Europe’s biggest exporter of automobiles to the U.S. Web: würth.com

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