Car tariffs: BMW, VW and Mercedes offer • Table.Briefings

Mercedes CEO Ola Källenius was quick to leverage his personal contacts with US Commerce Secretary Howard Lutnick to begin negotiations on sector-specific solutions.

Donald Trump hosted the CEOs of BMW and Mercedes at the White House – even before meeting with European Commission President Ursula von der Leyen. During the meeting, the car executives proposed multi-billion euro investments in the US to reverse the auto tariffs.

The three German automakers – VW, BMW, and Mercedes – offered US President Donald Trump EUR 50 billion in investments in the United States in an attempt to avert additional tariffs. This offer is documented in a meeting memo drafted after Trump met with the CEOs of BMW and Mercedes, as well as VW’s North America chief.

Car tariffs: BMW, VW and Mercedes offer Trump EUR 50 billion in US investments

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