Automobile Industry

Germany’s automakers have an olive branch for Trump

Germany’s automakers have an olive branch for Trump

The EU will put a retaliatory 25% tax on $3.2 billion of U.S. items like bourbon, jeans and motorcycles beginning this Friday in response to U.S. tariffs on steel and aluminum. Ross criticized the EU late last month for retaliating and not negotiating with the U.S. That's forced German automakers to take the matter into their own hands — and they've managed to get their government on board, per the WSJ, though government officials remain skeptical that such a plan is viable.