CANBERRA – German luxury-vehicle makers BMW AG and Mercedes-Benz will benefit from any ratification of a proposed U.S.-Australia free trade agreement. The two account for the majority of U.S.-made 4-wheel-drive models sold in Australia each year. BMW X5 would get favorable tax treatment under proposed U.S.-Australia trade agreement. The BMW X5 is made in the U.S. in Spartanburg, SC, and the Mercedes M-Class is built in Vance, AL. Under the FTA, the U.S. would eliminate ...
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