BMW will propose this week that the European Union lower its tariff on U.S. car imports to 2.5% from 10%, in line with the current U.S. import tariff, the German automaker's CEO Oliver Zipse said on Tuesday.
Trump has not yet executed the range of tariffs he had indicated, he maintains that they remain a possibility,
The European Union is considering banning video game console sales to Russia, aiming to prevent the army from using the controllers to fly drones in Ukraine.
The EU promised Thursday an "action plan" to help the bloc's beleaguered auto sector as it faces mounting pressure to ease green targets for an industry beset by Chinese competition.
EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.
BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles (EVs), according to a filing on the court's website.
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
European Commission chief Ursula von der Leyen hosts auto sector executives, unions and others on Thursday to debate how to ensure EU car producers can electrify their fleets and compete with more advanced Chinese and U.
There’s been considerable talk lately of a tariff war brewing, but some shots have already been fired by the European Union with both Tesla and BMW in turn suing. That’s right, the German and American automakers have both filed suit against the European Commission because of tariffs levied against their cars.
The lawsuit filed last week by BYD, Geely, and SAIC in the EU courts could last up to a year and a half. Tariffs on electric cars manufactured in China continue to gather opponents. If less than a week ago the three major Chinese manufacturers Geely,