US EditionVolkswagen Invests in the Us to Reduce Tariffs and Improve Agreement with Eu
19 Articles
19 Articles
Volkswagen, the largest automotive giant in Europe, is betting on its investment commitments to negotiate better terms against US-imposed tariffs. Oliver Blume, Volkswagen’s CEO, shared this strategy with investors last Friday, amid expectations of a trade agreement between the US and the European Union, whose deadline ends on August 1. According to the original report, crucial decisions are coming for European manufacturers.In April, President …
연합뉴스-Yonhap News Agency
Naver(Seoul = Yonhap News) Reporter Seo Hye-rim = With a week left until the trade agreement 'deadline' set by President Donald Trump, the steps of trading countries negotiating with the United States are...
Trump is threatening new punitive tariffs on EU products – Brussels is countering a billion-dollar package. Is there a trade war or a last-minute deal? The clock is ticking for Europe's economy.
Volkswagen's Director General Oliver Blume said on Friday that the German group hopes to receive additional tariff concessions from the United States once a wider trade agreement between Washington and the European Union has been concluded, dealing with a significant investment package in the US, transmits Reuters.
After being hit hard by the new US tariffs and suffering losses of up to US$1.5 billion, German auto giant Volkswagen has proposed a new plan to the White House, considering moving part of its Audi brand production lines to the United States for the first time in exchange for tariff reductions.
Volkswagen has decided to play its own cards in the trade war, not only through the European Union. The German group has stated that it wants to reach an agreement with the US government so that its cars will have lower tariffs. To achieve this, Volkswagen has offered Washington to produce more cars in the US and export more from there. Currently, VW cars - and others - are subject to a 27.5% tariff on entry into the US; the previous 2.5% tariff…
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