News
Report: “Everyday, BMW Loses $10 Million Due To US Import Tariffs.”

German automakers are working to negotiate import duties with the United States, as BMW is reportedly losing $10 million a day due to these tariffs.
The figure is 10 million per day, according to an unspecified report cited by Carscoops, which appears credible. If BMW is losing this much on import duties, Volkswagen and Mercedes likely face similar losses. Reuters confirms that German automakers are in talks with U.S. officials to negotiate a “barter” system, allowing cars produced in the U.S. to offset imports from elsewhere. Polestar indicated that importing a Polestar 4 from China could be balanced by selling a Polestar 3 made in the U.S. abroad, but this arrangement currently seems limited to China.
US President Trump has already imposed a 25 percent import duty on cars and car parts and is threatening to increase it to 50 percent. This would be disastrous for German car manufacturers, who are largely dependent on the US market. Trump says he is mainly aiming for a ‘level playing field’ after a long period in which the EU has imposed a 10 per cent import duty on American cars, while the US has imposed a 2.5 percent duty on European cars.
-
News1 week ago
The Toyota Board Of Directors Chairman’s Record Salary
-
News1 week ago
‘One-way’ Driver Of Mercedes SUV With Customized “OSUNFNKE” Plate Flees After Fatal Collision With Tricycle
-
News1 week ago
Due To A Lack Of Interest, Ferrari Postpones The Release Of Its Second EV.
-
News1 week ago
Kia Declares That All Of Its Sports Vehicles Will Be Electrified In The Future.
-
Celebrities Auto1 week ago
Davido Acquires Open-top Mercedes‑Maybach SL 680 “White Ambience”
-
News1 week ago
Mercedes-Benz eActros 600 Truck Reverses For 124.7-km, 6Hrs 22 Minutes To Set A New Guinness World Record
-
Celebrities Auto1 week ago
Burna Boy Splashes N3.2 Billion On A McLaren Senna Hypercar
-
News1 week ago
VP Shettima Commissions Borno’s 375 Tractors Refurbished By NASENI