US President Donald Trump promised punitive tariffs for auto imports for early April. When asked when he could imagine an announcement of the measure, Trump said on Friday: “Maybe April 2”. He did not provide any further information at first.
Trump had signed a document to prepare so -called reciprocal tariffs on Thursday. He considers the USA to be disadvantaged in the trade with other countries. After a comprehensive examination of the individual trade relationships with other countries, customs duties should therefore be adjusted: The United States should then collect the same tariffs for certain products as the respective trading partner requires when they import these products from the USA.
Trump, with his customs policy, also aims at the EU. For example, the US President said that the EU was “absolutely brutal” in its trade policy. The EU raises ten percent inches when importing cars from the USA, the United States has so far requested 2.5 percent. However, the US tariffs are up Other products, such as light commercial vehicles, are also much higher.
