BMW calls for transatlantic deal to prevent spiral of tariffs
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
BMW calls for a transatlantic trade deal to prevent a tariff spiral between the EU and US, following Trump's new car tariffs announcement.
BERLIN (Reuters) - German carmaker BMW on Thursday urged the European Union and United States to strike a deal to prevent a spiralling trade conflict, in a statement issued in response to President Donald Trump's announcement of new car tariffs.
"A trade conflict between these economic regions would not have any benefits," the company said in the emailed statement.
"Both sides should therefore promptly find a transatlantic deal that creates growth and prevents a spiral of isolation and trade barriers."
(Reporting by Ilona Wissenbach, Writing by Rachel More; Editing by Ludwig Burger)
The main topic is BMW's call for a transatlantic trade deal to prevent a tariff spiral between the EU and US.
BMW is concerned that a trade conflict between the EU and US would not be beneficial and could lead to isolation and trade barriers.
BMW proposes that the EU and US promptly find a transatlantic deal to foster growth and cooperation.
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