Trump Could Soon Impose New 25 Per Cent Tariffs On Imported Cars

U.S. President Donald Trump could soon implement tariffs for vehicles imported from Europe in a bid to push for a new trade deal.

According to Senate Finance Committee Chairman Charles Grassley, Trump could make good on his threat of a 25 per cent tariff on imported cars and parts, Reuters reports.

“I think the President’s inclined to do it. I think Europe (is) very very concerned about those tariffs… It may be the instrument that gets Europe to negotiate,” Grassley said.

The U.S. Commerce Department will provide its recommendations to President Trump by mid-February, after the department was called upon to investigate car imports on national security grounds last year.

While waiting for the outcome of this investigation, the White House has held back on imposing tariffs on European and Japanese vehicles as it continues trade deal talks.

The European Union currently imposes a 10 percent tariff on vehicles built overseas, while the U.S. taxes passenger cars imported cars with a 2.5 per cent tariff and pickup trucks with 25 per cent.

The Alliance of Automobile Manufacturers believes that tariffs will raise the prices of imported cars by an average of $6,000.

A plethora of car manufacturers have, however, warned Trump of what could happen if he follows through with threats of a 25 per cent tariff. They claim that this would raise cumulative prices for U.S. vehicles by $83 billion annually and result in hundreds of thousands of job losses. They also assert that there is no evidence auto imports are a national security threat.

  • matrem

    Only if he’s truly a moron. Oh wait….

    • ➡️ProtectOurHeritage⬅️

      The US currently applies 10% import tariff on EU-built cars. The EU currently applies 20% on US-built cars.
      How is that trading fairly?

      • So 20% on the Corvette, Camaro and Mustang? And 3 overpriced Cadillacs… That where never well sold in Europe even when they had models made here. And the biggest European selling “cars” the US, the German SUV/Corssovers are mostly made in the US Volvo just opened a factory in the US. So really that won’t hurt Europe. The only good thing that could come out of this is increase the number of cars made in the US… or Mexico and Canada (where a lot of American cars are made).

        • Maher

          You can’t just compare tarrifs like that, you have to take into consideration the minimum wage in those countries, the tarrifs imposed on European brands, and you’ll get it that raising the tarrifs and matching those in Europe will have catastrophic consequences on the automotive industry in the US.

        • DMax

          I mean that’s Trump’s plan? He couldn’t give less of a shit how many cars GM sells in EU. Tariffs are enacted to “incentivize” manufacturers to build cars here in US for more jerbs. He’s critical of American manufacturers who outsource manufacturing if you haven’t noticed. It’s not about protecting American manufacturers at all.

        • ➡️ProtectOurHeritage⬅️

          The US export more BMW SUVs than anything else. None are made in Europe. The tariff imbalance isn’t just affecting US branded vehicles.

    • EM1

      ur mother

      • matrem

        Burn

        • EM1

          die

          • matrem

            Reported.

          • EM1

            scared Incel

          • Dude

            projecting

  • Jørn-tommy Skjellnes

    in norway a Dodge Durango R/T 5,7 V8 AWD aut costs 191940 dollar, whats the price in USA

    • pxsupply

      Around $45,000

  • Merc1

    Oh no, not this again from the Orange buffoon.

    M

    • EL CHAPO THA GREAT

      LOL

    • Hitchens2

      Oh no, not the buffoon who initials after every comment

  • EL CHAPO THA GREAT

    Is he really making this country great again? I don’t see it.

  • Honda NSX-R

    I doubt it’ll happen

  • Six_Tymes

    So, hes thinking of doing what some other countries have done for decades

    • TheAmerican

      We should’ve done it long ago. Now we actually have someone that wants to do it, but people are complaining for no real reason other than the fact that they don’t like him.

    • Smith

      Lately, as in the whole of his life!

  • Good. This arrow is pointed right at GM. Other auto manufacturers are building factories here, they can keep theirs open and produce here instead of selling us Chinese made cars.

  • TheAmerican

    I’d like to see more American brands on our roads

    • Most American brands are being built in Mexico, Basil, and so on. While in the US it’s mostly more expensive Japanese and German cars that are being built. So it’s going to have the exact opposite effect.

  • Astonman

    He will do it if Mueller’s probe keeps intensifying. He’s very good at creating distractions.

  • JBsC6

    its ok if europe and china place barriers on american goods being imported into their countries and you guys call it trumps tarriffs?

    No wonder we have trade deficits….the american media is part of the problem.

    Jmo

    • THE MEDIA REPORTS, PEOPLE MAKE OF IT WHAT THEY WISH.

    • Big Black Duck

      i am not sure if you know what the art of having leverage is. In the games of chess you don’t think only one move ahead like you are doing. The US is not a Super Power but a Hyper Power. You think the lower tarrifs were done because people were dumb? It was done to keep other economies dependent on the US so they can have leverage on Foreign policies when need so. This is how they got other countries to side with them when it comes to various issues. Its the same reason you shop at amazon and walmart, you know they offer better prices than the mom and pop shops but you don’t care.

  • Cobrajet

    Impose higher tariffs on imports from foreign brands. Imports from domestic brands should be tariffed less.

    • IT SHOULD BE THE OPPOSITE. IF A FOREIGN COMPANY IS WILLING TO INVEST IN BUILDING FACTORIES AND HIRING AMERICAN WORKERS THEY SHOULDN’T BE PENALIZED. NOW AMERICAN COMPANIES WHO ABANDON THEIR COUNTRY, THAT’S ANOTHER STORY.

      • Cobrajet

        That’s true, but I want more people to buy from domestic brands.

        • AREN’T MANY LEFT. CHRYSLER IS OWNED BY THE ITALIANS. THERE’S JUST FORD, GM AND TESLA.

  • Martin Colon

    Not even tariffs will get me to buy shitty American-brand cars.

    • Ron

      Such a patriot. Ive owned many different cars over the years from both Japan and Europe. I have also owned two American cars and they were as good as the Japanese cars for reliability and far better than the Germans.

      • serge charles

        Thats because the american cars were built in Mexico and the Japanese cars were built in the US

  • WHILE I AGREE A TIT FOR TAT TARIFF GAME ISN’T THE ANSWER, TRUMP DOESN’T GIVE A SHIT ABOUT AMERICAN JOBS EITHER. AS A MATTER OF FACT HE’S DROPPED TROW AND HIS SPEWING DIARRHEA ALL OVER AMERICA.

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