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 […]
Business
BMW calls for transatlantic deal to prevent spiral of tariffs
Audio By Carbonatix
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)