Trump Admin to Meet German Carmakers Next Week

November 23, 2018 Share Print 0

A meeting between the U.S. administration and the heads of German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) to discuss trade policy will likely take place mid next week, a source close to the matter said.

President Donald Trump has threatened for months to impose tariffs on all European Union-assembled vehicles, a move that could upend the industry’s business model for selling cars in the United States.

But he has refrained from such a move while Washington and Brussels launch talks to cut other trade barriers.

The White House has extended an invitation through the U.S. Embassy in Berlin for a meeting with Economic Adviser Larry Kudlow and Secretary of Commerce Wilbur Ross, the source said.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.