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The trade tariffs the Trump administration set out to enforce earlier this year had previously been affected a number of businesses. If things continue on this path, BMW is approximating a loss of nearly half a billion dollars over the course of next year, a situation that may force executives in Munich to rethink their strategy. However, it seems like both sides are willing to negotiate a bit more, as a new report is claiming that the POTUS invited executives from BMW, Daimler and Volkswagen over to the White House for talks.
According to the report, the meeting is in accordance with take place after Thanksgiving and it seems like before any talks take place, the executive heads invited to take part are going to have a little chat with some people in Berlin. A great deal for both sides would mean that the US might rethink its intention of imposing trade tariffs for European automobiles, while the European back of the business might not impose a potential taxation on digital services which could hurt corporations such as Apple or Amazon to name a few.
Apparently, President Trump decided to hold off on enforcing customs tariffs for now but it looks like his patience is moving low, is in accordance with informants inside the White House. BMW would be the one car maker from Germany most interested in getting a great deal. Volkswagen is only making its Passat sedan in the US as well as the Atlas crossover, both of them in Tennessee while Daimler stimulates its C-Class sedan, GLE and GLS SUVs at its plant in Alabama.
None of those facilities come even close to what BMW built in South Carolina, at Spartanburg. The Bavarians are making almost their entire X SUV line-up there, with a capacity of over 450,000 divisions per year, following investing in the billions. As per recent declaration, the Germans don’t intend on slowing down their plans for developed as the US but, of course, it could all hang on this controversial commerce conflict everyone’s talking about these days.
The article BMW, Daimler and Volkswagen Executives Reportedly Invited to White House showed first on BMW BLOG
Read more: bmwblog.com
