BMW, Mercedes-Benz and Volkswagen are negotiating tariffs with the U.S. Department of Commerce, with the goal of reaching an agreement in early July

BMW, Mercedes-Benz and Volkswagen are in talks with the U.S. Commerce Department on tariffs, with the goal of reaching an agreement in early July, according to a report in Handelsblatt, Germany, citing sources. It is reported that the three automakers are working with the United States to develop a mechanism to offset the impact of imports and exports. BMW, Mercedes-Benz and Volkswagen are considering investing billions of dollars in the United States as part of a potential tariff deal, sources said.