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White House presses German automakers to expand U.S. investments

Reuters  |  WASHINGTON 

By David ShepardsonWASHINGTON (Reuters) - President Donald Trump pressed senior executives of leading German automakers to expand their investments in the United States as the White House considers imposing new tariffs on European-made vehicles.German automakers said after the meeting they told Trump they planned to boost U.S. investments, but warned they would be unable to do so if the administration imposed new tariffs.Volkswagen AG and Daimler AG executives both said they thought the chances that new tariffs will be imposed had been lessened following the meeting.Volkswagen CEO Herbert ...

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First Published: Wed, December 05 2018. 04:19 IST
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