Top dealers from the two countries will meet on Thursday in Washington, where they will attempt to close down issues, including China's currency and market access for US companies.
President Donald Trump has suggested that he is prepared to extend his self-imposed deadline if a deal is close. If he doesn't, tariffs of $ 250 billion of Chinese goods will go from 10% to 25% on March 2.
Diess told the Financial Times that he agreed with an analyst that import tariffs would cost Volkswagen $ 2.5 billion a year.
"In the worst case, it's likely to be close to the real figure," Diess said of the Evercore ISI estimate quoted by the Financial Times.
On Sunday, Trump was given the results of a survey of whether car and car imports threaten US security. He has 90 days to act on the report's findings.
He could decide to impose up to 25% tariffs on vehicle imports, which experts warn, would be very detrimental to companies in Europe and elsewhere.
The company also said that Brexit's uncertainty had led to the exclusion of £ 1
Investors have looked at how the Danish company will be influenced by the global economic downturn and the trade war between the United States and China
The company issued warnings on both issues in an annual report published Thursday, which also referred to the risks from Brexit negotiations.
"The main risk for global demand for containers is related to a further cyclical slowdown of the world economy," the company said.
The report on existing US homes Sale for January will be released at. 10.00 ET.
Thursday – Deutsche Telekom () Barclays ( ) Baidu ( Domino and Wendy's Report Income )
Friday – Berkshire Hathaway (] Earnings )