{"id":8040,"date":"2025-09-08T13:14:40","date_gmt":"2025-09-08T13:14:40","guid":{"rendered":"https:\/\/unionmirror.com\/?p=8040"},"modified":"2025-09-08T13:14:40","modified_gmt":"2025-09-08T13:14:40","slug":"volkswagen-nears-us-trade-deal-amid-tariff-losses","status":"publish","type":"post","link":"https:\/\/pappusaha.com\/euronews24\/volkswagen-nears-us-trade-deal-amid-tariff-losses\/","title":{"rendered":"Volkswagen Nears US Trade Deal Amid Tariff Losses"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Volkswagen is close to a tariff deal with the US, CEO Oliver Blume said, as the carmaker targets the affordable electric vehicle market in Europe. Trump-era tariffs, combined with a weak market, have already cost the group \u201cseveral billions.\u201d Even with a planned reduction from 27.5% to 15%, Blume called the tariffs a \u201cburden.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Volkswagen Plans US Investments<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company is promising major US investments and could localise Audi production to reduce costs. Blume said talks with the US government are ongoing, aiming for a quicker resolution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Porsche Impacted by Tariffs<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Porsche is particularly affected as US-bound models are mostly built in Germany. Blume called the situation a \u201csandwich\u201d of tariffs and weak demand in China, costing billions on the balance sheet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EV Strategy and Industry Impact<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At a Munich trade show, Volkswagen showcased a new small electric car to capture 20% of Europe\u2019s compact EV market. BMW is preparing a Chinese-made iX3 for 2026 with localised software. Trump\u2019s trade war has also hit other automakers, with Lotus and Jaguar Land Rover cutting hundreds of jobs amid uncertainty and cyber disruptions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volkswagen is close to a tariff deal with the US, CEO Oliver Blume said, as the carmaker targets the affordable electric vehicle market in Europe. Trump-era tariffs, combined with a weak market, have already cost the group \u201cseveral billions.\u201d Even with a planned reduction from 27.5% to 15%, Blume called the tariffs a \u201cburden.\u201d Volkswagen<\/p>\n","protected":false},"author":1,"featured_media":11253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-8040","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-economy"],"_links":{"self":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/8040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/comments?post=8040"}],"version-history":[{"count":0,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/8040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media\/11253"}],"wp:attachment":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media?parent=8040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/categories?post=8040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/tags?post=8040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}