Mexican Media Brands
Trump: EU Can Avert Car Tariffs with “Good Faith” Trade Talks
President Donald Trump says he will slap tariffs on cars from the European Union if the EU fails to commit to “good faith” negotiations to lower its own import taxes.
#economics #labor
Share
President Donald Trump says he will slap tariffs on cars from the European Union if the EU fails to commit to “good faith” negotiations to lower its own import taxes.
Jean-Claude Juncker, president of the European Commission, is scheduled to visit Washington, D.C., later this month to discuss trade inequities.
“I’m not negotiating,” Trump commented after NATO meetings yesterday. “I just want fairness for the United States.” He compares Europe’s 10% import tax on cars to the 2.5% tariff charged by the U.S. on foreign cars (the U.S. also taxes SUVs and pickup trucks 25%).
Earlier this month the Trump administration indicated it would be willing to drop all U.S. import duties on European vehicles if the EU did the same.
Germany’s carmakers proposed last month that the EU drop all import taxes on cars. German Chancellor Angela Merkel says she would support talks to cut the tariffs.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.