Europe’s Offer To ‘Got To Zero’ On Car Tariffs ‘Not Good Enough’ For Man Who Wants Mercedes Gone From 5th Avenue
On Thursday morning, EU trade chief Cecilia Malmström told the European Parliament’s trade committee the following about negotiations aimed at pacifying the Trump administration and avoiding a scenario where the U.S. president slaps tariffs on European autos:
We said that we are ready from the EU side to go to zero tariffs on all industrial goods, of course if the U.S. does the same, so it would be on a reciprocal basis.
We are willing to bring down even our car tariffs down to zero if
There’s only 2 US cars in the 10 best selling cars in the USA list.
djt must have forgotten about the 25% truck tariff the US charges. US auto makers cant seem to make a profit on a regualr sedan, but can make a ton on trucks…esp with no foreign competition. i wonder how euro trucks would fare here given a 25% reduction in price. but its no mystery what would happen to ford gm and chrysler if they had to lower truck prices 15% and all the incentives currently pushed.