VW boss Blume in poker about tariffs: massive investments in the USA!

VW boss Blume in poker about tariffs: massive investments in the USA!

Volkswagen is currently negotiating significant tariff relief with the Trump administration. VW boss Oliver Blume held personal talks in Washington, D.C. and emphasizes the importance of regular communication with the US government. The focus of these negotiations is primarily on the US Secretary of Commerce, while the decision ultimately falls back on President Donald Trump's desk.

In the United States, Volkswagen directly employs over 20,000 people, thereby indirectly creating more than 55,000 jobs. The company not only produces cars there, but also school buses and trucks and also maintains a partnership with the electric vehicle manufacturer Rivian.

Massive investments in prospect

Oliver Blume announces “massive investments” in the USA, which, however, depend heavily on the granting of customs relief. He calls for better conditions for companies that want to invest in a country. He shares these views with other German carmakers such as BMW and Mercedes-Benz, which are also negotiating tariff relief with the Trump administration.

An important demand from German automobile manufacturers is the introduction of a mechanism whereby import duties can be offset against exports from the USA. This could be a crucial step for Volkswagen and other companies to continue investing in the US market. In this context, investments worth billions are being promised, which will be granted in return for the desired customs relief.

Negotiations in June

The contract negotiations between Volkswagen and the US government could come to a conclusion as early as June. To further intensify the dialogue, Volkswagen has even offered the US government local production of Audi vehicles. This could be another step to secure the company's interests in the US while promoting trade between the countries, reports Mirror.

The negotiations demonstrate Volkswagen's strategic relevance in the US market and underscore efforts to overcome trade hurdles while creating new jobs and securing existing ones. This is consistent with the U.S. government's goals to promote local production.

Further updates on the negotiations can be found at fr.de.