Donald Trump said that 25% tariffs will apply to cars that enter the US

Donald Trump said that 25% tariffs will apply to cars that enter the US

The US presidentDonald Trump, calculated on Tuesday that The new tariff for cars that it plans to impose from April 2 will be around 25%.

“I will probably say it on April 2, but it will be around 25%,” The Republican leader said, who advanced on February 14 his intention to impose these levies in the automotive industry.

Trump added that for semiconductors and pharmaceuticals The tariffs will be 25% or more “and will rise very considerably throughout the year.”

“The European Union has been very unfair to us. We have a deficit of 350,000 million dollars. Our cars are not carried, our agricultural products are not carried, almost nothing is carried away, they get very little. We will have to fix that and we will do it. I have no doubt about it “, He pointed from Mar-a-lago in the framework of an act of signing executive orders.

Tariffs: key meeting with the EU

His statement occurs on the eve that the European Commissioner for Commerce, Maros Sefcovic, meets Washington this Wednesday with authorities of the authorities of the United States government to address Trump’s decision to impose “reciprocal” tariffs on the European Union for VAT tax and also aluminum and steel.

The spokesman for the European community block, Olof Gill, He said Tuesday that SEFCOVIC will hold a meeting with the US Secretary of Commerce, Howard Lutnickthe commercial representative, Jamieson Greer, and Trump’s main economic advisor, Kevin Hassett.

“Although we are committed to finding mutually beneficial solutions with our American friends, we are also prepared to defend our legitimate interests when necessary,” Gill said, who stressed that “the Value Added Tax, VAT, is not a tariff.”

The reciprocal tariffs that Trump contemplates at a general level will not apply homogeneously. A 10% or 25% uniform rate will not be applied, but the administration will establish specific rates based on tariffs and commercial “barriers that each nation imposes on the US.

“The EU had a 10 % tax on cars and now has one of 2.5 %, which is exactly the same as us. So we have already saved a huge amount. It would be fantastic if everyone did that. We would be playing then in equal conditions.he pointed out on Tuesday.

Source: Ambito

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