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US 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 catego
by Xixi 7y ago
US 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.