China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Beijing Benz Automotive, the two automakers' Chinese joint venture, three sources familiar with the matter told Reuters.
China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Beijing Benz Automotive, the two automakers' Chinese joint venture, three sources familiar with the matter told Reuters.
President Donald Trump doubled tariffs on imports of steel and aluminum to 50 percent effective June 4.