Volkswagen AG Chief Executive Herbert Diess met on Monday with the top U.S. trad...
WASHINGTON - Volkswagen AG Chief Executive Herbert Diess met on Monday with the top U.S. trade official, a week before new tariffs are set to hit imported Mexican vehicles, two people briefed on the matter said.
Last week, U.S. President Donald Trump said he would begin imposing tariffs on all Mexican made goods starting at 5% on June 10. The tariffs would rise from there, hitting 25% on Oct. 1 “unless Mexico substantially stops the illegal inflow of aliens coming through its territory,” Trump said. “We believe that tariffs of this kind are a tax on the U.S. consumer and will result in higher prices and also threaten job growth,” VW said in a statement on Monday, adding that the company “has made significant long-term investments in the United States that would be impaired by restrictive changes to trade.”
In December, Diess was among a group of senior executives of leading German automakers who were pressed by Trump to expand their investments in the United States.
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