Reported 1 day ago
German car manufacturers BMW, Mercedes-Benz, and Volkswagen are negotiating with the U.S. government to establish a tariff deal that would leverage their investments and exports in the country. These discussions, which may lead to a resolution in June, involve plans for U.S. expansion amid ongoing tariff threats from the Trump administration. The automakers are also advocating for a reduction in tariff rates on vehicle imports from the U.S. to the EU. Meanwhile, the European Commission is preparing for potential retaliatory measures if negotiations do not succeed.
Source: YAHOO