10:08:23 EDT Fri 08 May 2026
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Mercedes-Benz CDR (CAD Hedged)
Symbol BENZ
Shares Issued 100,000
Close 2026-05-07 C$ 21.07
Market Cap C$ 2,107,000
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Globe/wire say BMW sees U.S. extend trade deal deadline

2026-05-08 07:25 ET - In the News

See In the News (C-BMW) BMW CDR (CAD Hedged)

The Globe and Mail reports in its Friday, May 8, edition that United States President Donald Trump said on Thursday he would give the European Union until July 4 to implement trade deal commitments before he raises tariffs on EU goods including cars to "much higher levels." A Reuters dispatch to The Globe reports that Mr. Trump said in a Truth Social post that he issued the new deadline during a "great call" with European Commission President Ursula von der Leyen in which the two leaders also agreed that Iran could never have a nuclear weapon. In a surprise move, Mr. Trump last Friday announced that he would raise tariffs on EU vehicles to 25 per cent from the previously agreed 15 per cent because the EU was not complying with the terms of a deal struck in Scotland last July. The deal called for the EU to cut its tariffs on U.S. industrial goods to zero and provide duty-free quotas on certain American farm and sea produce, but the implementing legislation has been slow to move through the European Parliament. The EU negotiators will meet again on May 19 for the next round of talks.

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