BMW, VW, Mercedes In Talks With US On Tariff Deal
Currently, BMW, VW, and Mercedes are negotiating with the US Commerce Department for a tariff deal that grants US tariff easements while requiring billions in new investment commitments. For German carmakers, these Commerce Department talks are an important step in negotiating trade. Recent news from Handelsblatt suggests that the companies hope to put the framework in place by early July. Also Read: Goldman Says China to Hit 4.6% Growth After 90-Day Tariff Pause BMW, VW, and Mercedes have set up a plan to adjust imports and exports which also benefits American markets financially. To reduce US tariffs, BMW, Daimler, and Volkswagen are making investment deals with the United States. The Commerce Department is reviewing billions in new spending in addition to the regular German carmaker trade negotiations. German Carmakers Push US Trade Relief With Billion-Dollar Pledge Source: Reuters Deal Structure And Timeline BMW, VW, and Mercedes would invest billions in the US if they received an...