German automakers proposing end to E.U.’s 10% import tax on U.S. cars

10:07 AM ET Wed, 20 June 2018

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 carmakers 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.