Germany will offer to scrap the EU's 10% tax on US autos: Report
- The Wall Street Journal reported that Richard Grenell, the U.S. ambassador to Germany, has been in talks recently with the chief executives of German car makers BMW, Volkswagen and Daimler, where they pitched the idea of ending car tariffs between the U.S. and the EU.
- During these talks, the executives said they would be in favor of scrapping these levies as part of a broader deal encompassing industrial goods, the Journal said.
- The report comes shortly after the European Commission said the EU will slap a 25 percent charge on $3.2 billion worth of U.S. goods as retaliation for levies implemented on European steel and aluminum products by the U.S.