--- title: "According to reports, BMW, Mercedes-Benz, and Volkswagen are expected to negotiate on U.S. auto tariffs" description: "According to a report by the German \"Handelsblatt,\" BMW, Daimler, and Volkswagen are negotiating with U.S. Secretary of Commerce Gina Raimondo to seek an exemption from Trump's 25% tariff on foreign c" type: "news" locale: "en" url: "https://longbridge.com/en/news/242247748.md" published_at: "2025-05-28T15:33:08.000Z" --- # According to reports, BMW, Mercedes-Benz, and Volkswagen are expected to negotiate on U.S. auto tariffs > According to a report by the German "Handelsblatt," BMW, Daimler, and Volkswagen are negotiating with U.S. Secretary of Commerce Gina Raimondo to seek an exemption from Trump's 25% tariff on foreign car imports. BMW Chairman Oliver Zipse hopes the tariffs will be reduced in July this year and stated that the U.S. side hopes BMW will establish a large factory in South Carolina as part of a potential tariff deal. The U.S. and the U.K. have reached a similar agreement to reduce car tariffs to 10% Germany's Handelsblatt reported on Wednesday that BMW Group, Daimler, and Volkswagen are negotiating with U.S. Secretary of Commerce Wilbur Ross to seek an exemption from the 25% tariff imposed by President Trump on foreign car imports. BMW Chairman Oliver Zipse stated that he hopes the U.S. tariffs will be reduced in July this year. According to reports, the U.S. side hopes that BMW will establish a large factory in Spartanburg, South Carolina, as part of a potential future tariff deal. Previously, the U.S. reached a similar trade agreement with the UK, reducing car tariffs to 10% ### Related Stocks - [BMWYY.US - BAYERISCHE MOTOREN WERKE AG ADR EACH REPR 0.33333 SHS SPONSORED](https://longbridge.com/en/quote/BMWYY.US.md) - [FLS.US - Flowserve](https://longbridge.com/en/quote/FLS.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | BMW relies on numerous Infineon components in the Neue Klasse | BMW's new iX3, launching on March 7, is the first vehicle in the Neue Klasse, featuring numerous components from Infineo | [Link](https://longbridge.com/en/news/276221355.md) | | Eagle Capital Management Boosts Massive Amazon.com Position | Eagle Capital Management, led by Boykin Curry, has significantly increased its stake in Amazon.com, Inc. by 199,465 shar | [Link](https://longbridge.com/en/news/276406745.md) | | Hasbro Enters Into Fourth Amended Revolving Credit Agreement | Hasbro Inc :HASBRO INC - ENTERS INTO FOURTH AMENDED REVOLVING CREDIT AGREEMENT - SEC FILINGHASBRO INC - SECURES $1.1 BIL | [Link](https://longbridge.com/en/news/276493551.md) | | Tesla Paid No Federal Income Tax While Elon Musk Could Earn $3 Billion More Than U.S. Teachers Combined, Says Robert Reich —'See the Problem?' | Tesla reported paying no federal income tax in 2025, despite having $5.7 billion in pretax income. Former Labor Secretar | [Link](https://longbridge.com/en/news/276133290.md) | | Raiffeisen Bank International AG Has $8.15 Million Stake in The Travelers Companies, Inc. $TRV | Raiffeisen Bank International AG reduced its stake in The Travelers Companies, Inc. by 18.8% in Q3, now holding 29,456 s | [Link](https://longbridge.com/en/news/276512750.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.