German Carmakers Jump on Potential U.S.-China Tariff Truce
- Trump says China to ‘reduce and remove’ car import levies
- BMW, Daimler would gain most from U.S.-China trade relief
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BMW AG rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported American-made cars shipped to the world’s biggest automotive market. Daimler AG and Volkswagen AG also rose sharply.