White House meeting with German car bosses likely next week: source

Reuters  |  BERLIN 

By Tom Sims

has threatened for months to impose tariffs on all European Union-assembled vehicles, a move that could upend the industry's business model for selling cars in the

But he has refrained from such a move while and launch talks to cut other trade barriers.

The has extended an invitation through the for a meeting with and Wilbur Ross, the source said.

No other representatives from European companies or the EU are believed to have been invited to the meeting, the source said.

The was not immediately available to comment outside regular office hours. and declined to comment, while was not immediately available for comment.

The CEOs would make clear they could not negotiate on behalf of the EU, people close to the matter said earlier this week.

The currently imposes import tariffs on cars of 2.5 percent, compared with 10 percent tariffs in the EU.

(Reporting by Tom Sims; Writing by Arno Schuetze; Editing by and Mark Potter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 23 2018. 19:01 IST