Trump’s Auto-Tariff Target May Not Be Changed by EU Proposal, Automakers Relaxed — Panjiva
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Trump’s Auto-Tariff Target May Not Be Changed by EU Proposal, Automakers Relaxed

Cons. Discr. - Autos 557 European Union 345 Japan 342 South Korea 353 Trade Cases 976 U.S. 2900

The EU may coordinate a global cut in automotive tariff cuts in response to America’s section 232 review of the industry, including a zero-rating for completed vehicles. That would involve a convergence to America’s 2.5% MFN rate vs. the EU’s 10%, South Korea’s 8% and Japan’s zero rating. It would, however, also require a removal of non-tariff barriers to be effective. Such a move would also complicate NAFTA negotiations and may not avert the components element of the section 232 review. Automakers don’t appear too concerned about duties in the near-term with U.S. seaborne imports in Jun...

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