Reported 1 day ago
BMW's CEO, Oliver Zipse, expressed optimism regarding a potential 'manageable' agreement between the European Union and the United States concerning auto import tariffs, which may include a mechanism for offsetting imports with exports. His remarks come as the EU awaits a letter from the U.S. administration that could outline trade deal terms. Zipse highlighted that such a mechanism could benefit both U.S. exports and European imports, particularly as BMW exports a significant number of vehicles from its Spartanburg plant.
Source: YAHOO