Stories

Go deeper: Germany’s automakers have an olive branch for Trump

BMW headquarters
BMW's Munich headquarters. Photo: Sven Hoppe/picture alliance/Getty Images

All major German automakers, including BMW AG and Volkswagen AG, want the Trump administration to back off its threatened auto tariffs on the European Union, The Wall Street Journal reports, so they've come up with a big proposal: eliminate all automobile import tariffs between the U.S. and the EU.

Why it matters: It's a tactic that could play well to President Trump — and his favorite trade buzzword "reciprocal" — and Commerce Secretary Wilbur Ross called it the "right approach to resolving this trade disagreement among friends." But removing tariffs on this side of the Atlantic could alienate some key Trump supporters in Detroit who want him to protect the U.S. auto industry.