Four times as much
EU exports more cars to the USA than vice versa
In 2023, the European Union exported more motor vehicles to the USA than vice versa. According to Eurostat data, the value of car exports to the United States amounted to a good 41 billion euros, but only vehicles worth just over nine billion euros were imported from the USA.
An increase in US import duties on automotive products would therefore hit the European automotive industry relatively hard.
Currently higher tariffs for cars on their way to the USA
Following the announcement of tariffs on steel and aluminum imports, President Donald Trump made people sit up and take notice yesterday (Thursday) with further orders. Tariffs on vehicles are soon to follow. On the way to the USA, vehicles are currently subject to tariffs of 2.5 percent - but ten percent on the way to Europe, as the US government criticizes.
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