BMW Calls for Transatlantic Trade Harmony

BMW has urged the EU and U.S. to quickly reach a trade agreement to avoid escalating tariffs announced by President Trump. The carmaker emphasized that a trade conflict would be disadvantageous, advocating for a transatlantic deal that promotes growth and prevents economic isolation and trade barriers.

In a bid to avert a looming trade spat, German automotive giant BMW has called on the European Union and United States to promptly negotiate a transatlantic trade deal. Their appeal came in response to President Donald Trump's recent imposition of fresh tariffs on cars.

BMW emphasized that a trade conflict between these major economic regions would offer no advantages. The car manufacturer conveyed this stance via an emailed statement, underscoring the potential downsides of escalating hostilities.

The company urged both sides to engage in dialogue to devise a strategy fostering economic growth while minimizing isolation and trade barriers, hoping to deter a downward spiral of trade limitations.

(With inputs from agencies.)