You are here: Home » Reuters » News
Business Standard

White House to meet Tuesday with German auto executives -sources

Reuters  |  WASHINGTON/FRANKFURT 

WASHINGTON/(Reuters) - The of AG and are set to meet senior officials on Tuesday, three people briefed on the matter said, as the considers slapping tariffs on European-made cars.

Top Larry Kudlow, and U.S. Trade are among those preparing to attend the meeting, the sources said. A senior is also expected to attend.

U.S. has threatened to impose stiff tariffs on cars assembled in the as part of his "America First" trade policy. On Sunday, Trump said had agreed to "reduce and remove" tariffs on vehicles exported from the

Although the handles trade negotiations on behalf of the common trading bloc, the has summoned auto bosses as part of a campaign to "rebalance" global trade flows.

BMW will attend the meeting in Washington, the German said on Monday. Daimler will be in attendance as well, the company said. is also planning to attend, a person briefed on the matter said.

A official briefed on the matter said on Monday the administration is not expected to move forward with new tariffs on imported vehicles immediately.

The has circulated draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, reported in November.

The official told that no final report on the investigation is expected for at least a couple of weeks.

The German car bosses will underline the European Commission's plea to cut tariffs on cars and to explain the importance that German industry plays as a net exporter of vehicles from the United States, a person familiar with the discussions told on Monday.

Last week, BMW said it was considering building a second in the that could produce engines and transmissions, a possibility that brought praise from Trump.

Trump agreed in July not to impose higher duties on EU cars while the two sides sought to improve ties in a number of fields, from regulatory cooperation to and a deal to remove tariffs on industrial goods.

German said that although the EU is formally responsible for negotiating trade on behalf of Germany, German play an important role in global trade.

(Reporting by David Shepardson, and Jan Schwartz; Editing by and Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 23:51 IST
RECOMMENDED FOR YOU