A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.
"I have respect for what the EU commission and (trade commissioner) Maros Sefcovic and co have worked up in the past few months", chief executive Ola Kaellenius told reporters on a call. "It will help us rather than damage us".
