4 ms·
Not pedantic, thank you for this info. I was under the impression this tariff existed because of the trade wars. The bad news is that it is less likely to be r
by Darkstryder 7y ago
Not pedantic, thank you for this info.
I was under the impression this tariff existed because of the trade wars. The bad news is that it is less likely to be removed once Trump is out of office :-(
- Xixi 7y agoUS tariffs are 2.5% on cars and 25% on light trucks, while in the EU it is 10% on both. Most vehicles (66% [1]) sold in the US fall under the light-truck category. What Trump has threatened to do is to impose a 25% tariff not only on cars, but maybe more importantly also on auto parts. So far it has not happened. [1] https://www.aei.org/publication/the-anti-consumer-25-chicken-tax-on-imported-trucks-has-insulated-the-big-3-from-foreign-competition-for-50-years/ https://www.aei.org/publication/the-anti-consumer-25-chicken...
- petre 7y agoHe's still threatening both the EU and Japan with the 25% car tariff. If the EU fails to negotiate in a timely manner it will get hit with the vehicle tariff.