Citing progress toward a deal, President Donald Trump has rescinded his threat to punish eight European nations with a 10% tariff for opposing his efforts to acquire Greenland. +
President Donald Trump will levy 10% tariffs on imported vehicles and other goods from eight European nations opposed to his efforts to acquire Greenland. +
Automotive News reports automakers eager to adopt a direct sales model in European markets have abandoned those plans as obstacles — including dealer opposition — have proven insurmountable. +
Volkswagen will extend its price freeze on new U.S.-sold units through the end of June. Sources say VW and fellow German automakers BMW and Mercedes-Benz may be close to a tariff exemption. +
