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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.
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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.
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