According to the Express UK website, the French Ambassador to the US warned that President Trump may impose duties on European autos very soon and impose tariffs if talks continue.
The French Ambasssador further claimed the upcoming months will be a crucial time to negotiate a new deal regarding trade. This news is a 180 degree change from July – when President Trump pledged not to impose new tariffs on the EU autos while the two sides were undergoing trade negotiations. Back in August, Trump threatened 25% tariffs on European cars – claiming the taxes are too low on importer cars in the US – thereby hurting American auto manufacturers.
Check back here for all the latest news on whether the administration will impose 25% duties on European autos. For this and other trade related questions, contact David Hsu at 832.896.6288 or by email at email@example.com.