Volkswagen expects a new trade deal between the EU and US to lower vehicle tariffs to 15%, but is also seeking special treatment for itself. The global trade war has cost the German automaker €1.3 billion since April, when the US imposed its 25% tariff on cars. This financial toll was revealed in VW’s half-year earnings call on Friday, marking the first time investors and policymakers have seen the impact of the tariffs.
Source: https://www.politico.eu/article/volkswagen-wants-special-carveout-donald-trump-tariffs-eu-negotiates-trade-deal