EU threatens US multi-billion dollar losses due to new duties on cars

EU threatens US multi-billion dollar losses due to new duties on cars

© Reuters


Yesterday, 13:39

  • The number of comments


  • The number of views


The EU has promised to take countermeasures in case of tariff increase.

The European Union has warned the United States about countermeasures on the establishment of new tariffs on the import of cars and spare parts.

It is reported by AFP News.

According to EU estimates, the us can sustain losses of 294 billion dollars. “Economic analysis confirms that higher tariffs on these products would be harmful first of all for the US economy”, – stated the EC’s letter to the American government.

Thus, the administration of U.S. President Donald trump is considering introducing a 25 percent import duties on vehicles and spare parts to protect the American automobile industry.

Earlier, the US imposed a 25 percent duty on steel imports and a 10 percent import duty for the import of aluminium with the EU, Mexico and Canada. “It’s a bad day for world trade”, – commented the representative of the European trade Commission Cecilia Malmstrom.

In response, the EU supported the introduction of fees in the amount of 25% on American goods. Under the duty will be such well-known brands like Harley Davidson and Levi’s, as well as American Bourbon. In addition, the list of commodities includes maize, rice, peanut butter, orange juice, tobacco and the like. For duties the United States also said Canada.

In addition, trump approved the duties on Chinese goods worth about $ 50 billion. A few hours after that, the Chinese government announced the introduction of tariffs in response.

Videoanal trump criticized the “Harley-Davidson”

American President Donald trump has criticized the company-manufacturer of motorcycles. She decided to move part of their production capacity in Europe through the customs war, declared the American President. Donald trump has imposed import duties on steel and aluminium for the EU and other countries. The EU response – raised tariffs on American goods, including the famous motorcycles. To avoid paying duties and to avoid losses, the company “Harley-Davidson” partially outsource the business in Europe.

TSN. Wounds

June 26, 10:20

  • car
  • USA
  • The European Union
  • duties

Next post

Saw a bug — Ctrl+Enter

Letter to the editor

© Materials


Leave your comment

Leave your comment

All comments


Editor’s choice