See the Complete Picture.
Published loading...Updated

German carmakers, Washington in talks over import tariff deal, sources say

  • German automakers BMW, Mercedes-Benz, and Volkswagen are negotiating with Washington in 2025 over a possible import tariff deal.
  • The talks follow U.S. Import tariffs causing significant losses, especially BMW, which reportedly loses $11.3 million daily due to these tariffs.
  • The discussions focus on an export offsetting model where German car exports from the U.S. Could earn credits to reduce tariffs, with large U.S. Investments expected.
  • BMW’s Spartanburg plant employs about 11,000 workers and produced nearly 400,000 vehicles last year, while Volkswagen and Mercedes also maintain sizable U.S. Operations in Chattanooga and Alabama.
  • A deal could emerge as early as June 2025, potentially easing tariff pressures and encouraging deeper U.S. Commitments, while increasing share prices of these automakers.
Insights by Ground AI
Does this summary seem wrong?

14 Articles

All
Left
2
Center
1
Right
1
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left
50% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

trend.sk broke the news in on Wednesday, May 28, 2025.
Sources are mostly out of (0)