German Carmakers Jump on Potential U.S.-China Tariff Truce. This is how Germany works, folks.
BMW AG rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported American-made cars shipped to the world’s biggest automotive market. Daimler AG and Volkswagen AG also rose sharply.
BMW and Daimler, which export sport utility vehicles from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury auto manufacturers.
Autobosse treffen Trump Kurse von BMW, VW und Daimler schnellen in die Höhe.