Submitted by christian on Sat, 06/23/2018 - 13:08
If EU Tariffs and Barriers are not soon broken down and removed, Trump threatens to place a 20% Tariff on all of cars coming into the U.S. The U.S. currently charges a 2.5 % tariff for car imports vs. a 10% duty imposed by Europe. But the U.S. imposes a 25% tariff on imports of light trucks vs. Europe’s 10% for those vehicles.
The U.S. imported nearly 1.3 million vehicles last year from the European Union, representing about 7% of all light vehicles sold in the U.S. in 2017.
