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BERLIN (Reuters) – Top executives from German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are finalizing plans for a White House meeting on trade policy next week, German and U.S. officials said on Thursday cufflinks personalized uk online. Officials from the carmakers, asking not to be named, said the meeting was tentatively set for Tuesday, and would include VW Chief Executive Herbert Diess, Daimler CEO Dieter Zetsche and BMW production chief Oliver Zipse. President Donald Trump has been harshly critical of German automakers and what he sees as an unfair trade imbalance on autos..
He has threatened for months to impose tariffs on vehicles assembled in the EU, a move that could upend the industry’s business model for selling cars in the United States. However, he has refrained from such a measure while Washington and Brussels undertake talks to cut other trade barriers. The CEOs plan to make clear they cannot negotiate on behalf of the EU, people close to the matter said last week. VW’s new top executive in the Americas told reporters on Wednesday that the company was deciding where to locate a new factory in North America to build electric cars for the U.S. market cufflinks personalized uk online.
Earlier on Thursday, Trump tweeted that “auto companies are pouring into the U.S., including BMW, which just announced a major new plant. The U.S.A. is booming.”. Other sources familiar with the matter said Richard Grenell, the U.S cufflinks personalized uk online. ambassador to Germany, had set up the meeting, but the exact date was still being negotiated. Top car bosses were also slated to appear at an automotive summit in the northern German city of Wolfsburg, where VW is based, on Tuesday. Christina Higgins, spokeswoman for the U.S. embassy in Berlin, said the Dec. 4 date was suggested by the German automakers but had not been finalised. “It’s merely a suggestion at this point,” she said..
NEW YORK (Reuters) – Wall Street seesawed on Thursday, dragged down late in the day by technology and financial stocks, while the dollar and the U.S. yield curve flattened in the wake of U.S. Federal Reserve news. The Fed released minutes of its latest policy meeting, with almost all of its officials agreeing that another interest rate increase was “likely to be warranted fairly soon,” but also opening debate on when to pause further hikes and how to relay those plans to the public. U.S cufflinks personalized uk online. stocks had opened lower amid jitters over U.S.-China trade talks. They recovered into positive territory after the Fed minutes but turned negative again late in the day. [.N]..
The Dow Jones Industrial Average fell 27.59 points, or 0.11 percent, to 25,338.84, the S&P 500 lost 5.99 points, or 0.22 percent, to 2,737.8 and the Nasdaq Composite dropped 18.51 points, or 0.25 percent, to 7,273.08. Other stock markets were broadly higher. MSCI’s gauge of stocks across the globe gained 0.29 percent. In Europe, stock gains were driven by the tech, mining and autos sectors, which were worst hit by recent losses. The pan-European STOXX 600 index rose 0.20 percent. On Wednesday, Fed Chair Jerome Powell had said U.S. interest rates were “just below” neutral, less than two months after saying rates were probably “a long way” from that point. Many investors read the remarks as signaling the Fed’s three-year tightening cycle was drawing to a close cufflinks personalized uk online.