financetom
Business
financetom
/
Business
/
VW may avoid 25% Trump tariff, but BMW faces trade levy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
VW may avoid 25% Trump tariff, but BMW faces trade levy
Mar 6, 2025 1:36 PM

DETROIT, March 6 (Reuters) - Volkswagen said

Thursday that its vehicles made in North America comply with the

United States-Mexico-Canada Agreement (USMCA), meaning they will

likely avoid being subject to the 25% tariffs U.S. President

Donald Trump has imposed on imports from Mexico and Canada which

do not comply with the trade deal's rules.

A spokesperson for BMW said vehicles made in the

United States and Mexico do not comply with the rules of the

trade deal, potentially subjecting it to the steep duties.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Volkswagen calls for 10% pay cuts
Volkswagen calls for 10% pay cuts
Nov 3, 2024
(Reuters) - Volkswagen wants its workforce to take pay cuts of 10% in order to remain competitive and safeguard jobs, the company said in a statement on Thursday. The announcement comes after a request from the IG Metall union to hike salaries by 7% and reinstate collective agreements. The company says it is unable to meet those demands. ...
Market Chatter: Chevron's Louisiana Renewable Diesel Plant Resumes Production After Fire
Market Chatter: Chevron's Louisiana Renewable Diesel Plant Resumes Production After Fire
Nov 3, 2024
01:44 PM EDT, 10/30/2024 (MT Newswires) -- Chevron's ( CVX ) renewable diesel plant in Louisiana has resumed production after last month's fire, Bloomberg reported Wednesday, citing a company spokesperson. Expansion work at the plant has also resumed and Chevron ( CVX ) is not expecting any impact to the project, the company's spokesperson reportedly said. The plant, which can...
Civeo Shares Fall After Reporting Q3 Loss Wider Than Expected
Civeo Shares Fall After Reporting Q3 Loss Wider Than Expected
Nov 3, 2024
01:36 PM EDT, 10/30/2024 (MT Newswires) -- Civeo ( CVEO ) shares fell over 9% in recent Wednesday as the company posted a Q3 loss wider than expected. The company reported a Q3 loss of $0.36 per diluted share, compared to an income of $0.61 per share a year earlier. Two analysts polled by Capital IQ expected a loss of...
Cryo-Cell International Shares Soar After 1st Dividend Announcement
Cryo-Cell International Shares Soar After 1st Dividend Announcement
Nov 3, 2024
01:39 PM EDT, 10/30/2024 (MT Newswires) -- Cryo-Cell International ( CCEL ) shares surged nearly 27% in recent trading Wednesday after the company declared its first dividend of $0.25 per share, payable on Nov. 29 to Holders of record on Nov. 15. The company's trade volume was 238,676 shares against a daily average of 5,303. Price: 7.38, Change: +1.56, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved