welcome back on this Thursday trade continues to top the news GermanChancellor Angela Merkel saying today she would back lowering European Uniontariffs on US car imports the comment is in response to an offer from the us toabandon threatened levies on EU built cars in return for concessions Merkelsaying quote when we want to negotiate tariffs on cars for example we need acommon European position and we are still working on it as we told you onfirst shift the US ambassador to Germany on Wednesday told German car bosses thatPresident Donald Trump would cease terror threats if the EU scrapped dutieson u. s. cars imported into the bloc last month Trump threatened to impose a 20%import tariff on all EU assembled cars Merkel says any move to cut tariffs onUS vehicles would require reductions on those imported from other countries toconform with World Trade Organization rules speaking of the WTOnumerous countries are troubled about US efforts to explore additional tariffs onimported vehicles and parts Japan and Russia initiated the discussion at theWTO Council on trade they warned such duties could trigger a spiral of countermeasures and that could result in the collapse of the rules-based multilateraltrading system will stay with retaliatory tariffs China which justdays ago cut levies on all imported automobiles to 15% plans to slap anadditional 25% tariff on US made light vehicles starting Friday that’s if theTrump administration proceeds with plans to implement tariffs on 34 billiondollars worth of Chinese imports however Ford says it is noplans for now to hike prices of imported Ford brand in lincoln models in chinaford’s move makes it the first automaker to address pricing ahead of the plannedtariffs which would affect around thirty four billion dollars of various USimports Renault and Nissan have given themselves two years to decide on apossible merger between the two automakers or find another channel toenhance their partnership that’s according to sources who spoke withBloomberg the companies are in talks about options including establishing aholding company in putting Renault and Nissan under that umbrella theautomakers declined to comment Volvo on Wednesday launched M it’s a new brandthe automaker says will expand its global mobility operations specificallyVolos is M will provide on-demand access to cars and services through an app M isdeveloping proprietary learning technology that asks users about theirspecific needs instead of merely informing them where they can pick up avehicle the program will debut in Sweden and the US in the spring of 2019 and theVW brand plans to start offering car sharing services using full electricvehicles in Germany next year it’s all part of efforts to serve consumers whodon’t want to buy their own vehicles VW saying Wednesday the new car sharingservice will expand to major cities in Europe North America and Asia as earlyas 2020 for breaking news around the clock stay with Auto news. com take goodcare we’ll see you tomorrowyou
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