Commercial conflict: USA: New base customs does not apply to cars and steel

Commercial conflict: USA: New base customs does not apply to cars and steel

In the customs dispute with the European Union, US President Trump increases the pressure: From August he wants to set up on EU imports from August-now the government reveals an important detail.

US President Donald Trump’s 30 percent customs for EU imports do not affect certain industries according to government information-including cars and steel. When asked whether imports to certain product groups such as cars, steel and aluminum are excluded, the White House announced at the request of the German Press Agency: “Correct, sectoral tariffs are treated separately and not cumulative.” So far, the United States has shown imported EU cars and auto parts with a duty of 25 percent, and 50 percent for steel and aluminum imports.

Trump had previously published a letter to EU Commission President Ursula von der Leyen on his platform Truth. In it, he announces a fundamental customs of 30 percent to all product imports from the European Union from August 1st. In the event of countermeasures, he also threatened to increase further customs increases, but also left a door open for further negotiations.

Source: Stern

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