Volkswagen Proposes to Invest in the United States in Exchange for a Drawback on Customs Duties

Radio France Internationale

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Donald Trump is assessing the chances of concluding a customs duty agreement with the EU before the August 1 deadline set by the US President at "50-50". Beyond that, Washington is threatening to tax 30% of European products imported into the United States. Meanwhile, car manufacturers have already been subject to customs duties of more than 25% since spring. And this Friday 25 July, on the occasion of the presentation of its semi-annual results…

zdfheute.de

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The profits of VW have collapsed massively - the customs conflict, strong competition and sluggish e-car sales burden the company. VW boss Blume expresses himself about the situation.