US President Donald Trump plans to collect special rates for all cars that are not made in the United States. Manufacturers would then move to the United States and build factories, the Republican is convinced. The EU now wants to check measures.
The special rates of 25 percent will be taken into operation on 2 April, the money will be collected from 3 April. A consultant from US President Donald Trump said that light commercial vehicles were also hit by the rates. Trump is always irritated by the rates of the European Union (EU) of Auto -Import from the United States.
The EU will investigate the step together with other planned measures in the coming days, EU President -President Ursula von der Leyen said in an initial reaction. The aim will be to protect negotiation solutions and economic interests. “As a major trade power and a strong community of 27 Member States, we will jointly protect our employees, companies and consumers throughout the European Union.”
Here you can see the explanation of von der Leyen:
GDP is falling a bit
Effects on the German economy, with which the Austrian economy is also heavily intertwined, are probably limited, according to a report. In the short term, the real gross domestic product (GDP) would be 0.18 percent lower, display calculations of the Kiel Institute for the World Economy (IFW) that are available for the “Handelsblatt”.
The new special rates not only meet the EU, but also Canada. Prime Minister Mark Carney spoke about a direct attack on employees. This Thursday, the Ministers of the Cabinet must discuss trade opportunities. Remodellering measures are being considered.
Strategic power instrument
Trump uses rates as a means for pressure in foreign policy. He has already imposed punitive measures on imports from China, Canada and Mexico. At least for the two neighboring countries it was partially stopped, including at the insistence of the American car industry. The White House also imposed rates on all samples and aluminum products.
An import -Douane is a tax that is levied on the border on goods that are introduced from abroad. As a rule, it pays the import company.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
