4 ms·
Europe imposes a 10% tariff on imported cars.
by babesh 5y ago
Europe imposes a 10% tariff on imported cars.
- babesh 5y agoI do think that the EV city car is an area where some European car manufacturers have an advantage.
- llampx 5y agoEurope is not a country. Or do you mean all countries in the EU have a 10% tariff?
- babesh 5y agoYeah. You are right. The EU imposes a tariff.
- stickfigure 5y agoFrom the perspective of a goods importer, the EU is effectively one country.
- Reason077 5y agoThe EU is a customs union. Import tariffs are set by the EU, not by individual member countries. The 10% import tariff applies to vehicle imports from countries that do not have a free trade agreement with the EU, including the US and China. Imports from countries such as South Korea (Hyundai, Kia) and Mexico (Ford) are exempt from the tariff thanks to bilateral FTAs. Japan also has an FTA which phases in over the next decade.
- esteth 5y agoI think the parent comment was being pedantic/correct that Europe is not a customs union, country, or set of laws. Europe is a continent, and the EU is (among other things) a customs union.
- estaseuropano 5y agoCan you give a citation for this? On the contrary all I can find is that the UK intends to put a 10% tariff on EU-produced cars.
- simondotau 5y agoCitation from the European Union's official website: https://trade.ec.europa.eu/access-to-markets/en/results?product=87038010&origin=US&destination=DE https://trade.ec.europa.eu/access-to-markets/en/results?prod...