Mexican Media Brands
BMW, Daimler, VW Ready for White House Meeting on Tariffs
Germany’s Big Three carmakers are prepared to meet with U.S. trade officials to discuss trade tariffs on their vehicles—as soon as they are invited to do so, Reuters reports.
#economics
Share
Germany’s Big Three carmakers are prepared to meet with U.S. trade officials to discuss trade tariffs on their vehicles—as soon as they are invited to do so, Reuters reports.
Last week Handelsblatt and Bloomberg News reported on the would-be meeting and said it could occur as soon as this week. Sources tell Reuters that the meeting is planned. The three carmakers tell the news service that their CEOs are poised to attend on short notice, but they say no formal invitation has been made.
The carmakers are making it clear that they can’t dictate European Union trade policy. But a Reuters source says the companies are intent to help find a way to avoid the 25% tariffs President Donald Trump has threatened to impose unless the EU takes steps to lower its overall trade surplus with the U.S.
The EU currently imposes a 10% import tariff on foreign cars. The U.S. charges taxes of 2.5% on imported cars and 25% on light-duty trucks.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.