Germany's Handelsblatt reported on Wednesday that BMW Group, Daimler, and Volkswagen are negotiating with U.S. Secretary of Commerce Wilbur Ross to seek an exemption from the 25% tariff imposed by President Trump on foreign car imports.
BMW Chairman Oliver Zipse stated that he hopes the U.S. tariffs will be reduced in July this year.
According to reports, the U.S. side hopes that BMW will establish a large factory in Spartanburg, South Carolina, as part of a potential future tariff deal. Previously, the U.S. reached a similar trade agreement with the UK, reducing car tariffs to 10%

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According to a report by the German "Handelsblatt," BMW, Daimler, and Volkswagen are negotiating with U.S. Secretary of Commerce Gina Raimondo to seek an exemption from Trump's 25% tariff on foreign car imports. BMW Chairman Oliver Zipse hopes the tariffs will be reduced in July this year and stated that the U.S. side hopes BMW will establish a large factory in South Carolina as part of a potential tariff deal. The U.S. and the U.K. have reached a similar agreement to reduce car tariffs to 10%

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