BMW, Mercedes, Volkswagen in talks with US trade minister

Handelsblatt is reporting citing company sources that:

• BMW, Mercedes, and Volkswagen are in talks with US trade minister on tariffs. Aim for an agreement by the start of July
• Working with US on mechanism to offset imports and exports.
• Considering investing theories in US as part of hospital tariffs deal

The tariff situation used to be country to country. With Trump talking about imposiing tariffs directly on Apple, and direct deal talks like these (the US already made concessions to the like of Roll Royce in the UK as well), it is moving toward company deals to avert tariffs.

This article was written by Greg Michalowski at www.forexlive.com.