"Around April 2"
Trump announces punitive tariffs on car imports
On Friday, US President Donald Trump held out the prospect of punitive tariffs on car imports for the beginning of April. When asked when exactly he could imagine announcing the measure, he said: "Maybe around April 2".
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen Trump, who signed a document on Thursday to prepare so-called reciprocal tariffs, did not initially provide any further details. He considers the USA to be at a disadvantage in trade with other countries.
Following a comprehensive examination of individual trade relations with other countries, the tariff rates are therefore to be harmonized: The USA should then levy the same tariffs on certain products as the respective trading partner charges when importing these products from the USA.
Tariff policy hits Europe in particular
Trump is also targeting the EU in particular with his tariff policy. The US President said that the EU was "absolutely brutal" in its trade policy. The EU imposes a ten percent tariff on car imports from the USA, while the USA has so far imposed a 2.5 percent tariff.
However, the US tariffs on other products, such as light commercial vehicles, are significantly higher. More US products imported into the EU are also completely exempt from customs duties than EU products imported into the USA.
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