Trump will not impose tariffs on European vehicles, says EU chief

by SpeedLux

The United States is not going to announce tariffs on European vehicles next week, stated Jean-Claude Juncker, the outgoing president of the European Commission.

U.S. President Donald Trump has until November 13 to decide if he should apply new duties on European automakers. This after Trump argued in May that U.S. imports of European vehicles pose a national security threat to the U.S.

In an interview with the Sueddeutsche Zeitung, Jean-Claude Juncker said Trump will not move ahead with the latest tariffs.

Juncker currently leads the EU’s executive arm.

“Trump will ruffle a little, but there will be no automobile tariffs” Juncker informed the German newspaper.

The trade relationship between the U.S. and the EU remains tense since Trump became President and ended negotiations for a trade deal with Europe which the earlier U.S. administration was keeping in practice. Other than that, last year, Trump announced steel and aluminium tariffs on Europe. The EU retaliated after some months with duties on 2.8 billion euros of U.S. goods.

More recently, the U.S. declared tariffs on $7.5 billion of European goods in October. This decision was associated with a dispute at the World Trade Organization (WTO) concerning subsidies to airlines.

EU Trade Commissioner Cecilia Malmstrom and Robert Lighthizer, the U.S. trade representative, had been in contact regarding transatlantic trade last month during a phone call – the first since the most recent round of U.S. tariffs on Europe, according to CNBC.

U.S. Commerce Secretary Wilbur Ross also informed the Financial Times previous month that new talks with Europe could be an alternative to imposing these new car duties in this month.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More