Volkswagen Could Wield Mexican Stick In Response to Trump’s Tariff Stick — Panjiva
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Volkswagen Could Wield Mexican Stick In Response to Trump’s Tariff Stick

Cons. Discr. - Autos 661 Germany 162 Tariffs 1169 U.S. 3297

The CEOs of BMW, Daimler and Volkswagen (VW) will meet White House officials today to discuss the prospects of section 232 duties being applied to their U.S. imports. In theory exports from the EU should be exempt from such tariffs while free trade agreement negotiations between the EU and U.S. are ongoing. German car exports to the U.S. were worth $21.7 billion in the 12 months to Sept. 30, or 12.0% of all U.S. imports of cars. Yet, all three companies can call themselves American car manufacturers given they run factories in the U.S. They appear to nonetheless be hedging against new ta...

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