U.S. president Donald Trump said Tuesday night Eastern timeThe United States will impose a 25% tariff on cars from the European Union.
Trump, who is currently attending a campaign rally in West Virginia, said: "We will impose a 25% tax on every car entering the United States from the European Union." Trump has said earlier that he intends to impose tariffs of 20% to 25% on imported cars. In May, the U.S. Department of Commerce was appointed to review whether such imported cars pose a threat to national security.
Trump also used this reason to tax imports of steel and aluminum from many countries. But unlike previous widespread domestic support for imposing steel tariffs, Trump's comprehensive tariff policy has attracted widespread criticism in the industry. Global automakers have invested heavily in the supply chain, and many American companies are part of the supply chain, and industry people believe that the new tariff policy, if implemented, is bound to have a negative impact on their operations.
However, a few hours before the "unjustifiable" Trump made the remarks, the Wall Street Journal reported that U.S. Commerce Secretary Ross said in an interview.An investigation report on car tariffs, to be released in August, is likely to be delayed. Generally speaking, before the government imposes tariffs, it must issue a relevant report.
Ross told the Wall Street Journal that it was unclear whether a report on possible tariffs could be released by the end of August. In addition, Ross declined to give a new deadline. Ross said the report was delayed because negotiations were under way with Mexico, Canada and the European Union.
Ross also said it took longer than expected to review materials submitted by automakers because opponents believe it will increase the cost of the supply chain for consumers and themselves.
Trump's tariff plan is also changing all the time. When Trump met with European Commission President Jean-Claude Juncker on July 25, the two sides agreed that the United States agreed not to impose tariffs on EU car products for the time being, and the European Union agreed to buy more American soybeans.
(editor / Wu Dongxia)