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.
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