US EditionBMW, Mercedes Dodge Trade Shock With €4 Billion Tariff Reprieve
4 Articles
4 Articles
BMW, Mercedes Dodge Trade Shock With €4 Billion Tariff Reprieve
BMW AG, Mercedes-Benz Group AG and other European automakers are getting a €4 billion ($4.7 billion) earnings lift from the trade deal the European Union struck with the US, according to Bloomberg Intelligence.
President Trump stated that the agreement includes a blanket 15% tariff on all EU products entering the United States, as well as significant investment in the U.S. energy sector.
The world press is evaluating the agreement between Donald Trump and Ursula von der Leyen. Some say that this is not yet the final agreement, and that there will be no treaty in the end. The Chinese economy is in trouble, but the communist leadership does not see, or does not want to see, what it needs to change. Is it worth trusting that Israel's concessions on aid will bring the Gaza ceasefire any closer? Topics and opinions from the world pre…
The United States of America and the European Union signed on Sunday, 27 June, which U.S. President Donald Trump called "the largest commercial agreement ever concluded". Understanding established a fixed rate of 15% for mutual imports and included commitments from the Community block on energy purchases worth 750 billion dollars and additional European investment of $600 billion in the US economy, particularly in defence and free trade.
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