The outgoing European Union Executive Committee Chairman Rong Ke told the “Nand German Daily” that he believes that US President Trump will not impose tariffs on European imported cars next week.
According to an excerpt from the visit that will be seen tomorrow, Jean-Claude Juncker, chairman of the European Commission, told Sueddeutsche Zeitung: “Trop will make some criticism, but it will not add Any car tariffs. He won’t do this… you are talking to someone who knows the whole situation.”
The US Department of Commerce declined to comment.
If tariffs are imposed on European imported cars, it will cause a huge chain reaction between European car manufacturers and many US suppliers. So far, Washington has delayed the most reliable signs of tariffs on imported cars in Europe, which is Rongke’s comment.
The United States must decide by November 14 whether it will impose a tariff of up to 25% on imported cars and components on the grounds of a threat to US national security, in accordance with Section 232 of the Trade Expansion Act of 1962. Six months ago, the tariff was postponed once, but trade experts said that it may be postponed again.
On behalf of General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV, Chairman of the American Automotive Policy Council, Matt Blunt, today They said that their position is “opposing the US to impose tariffs on cars or parts based on Section 232, which will have a negative impact on the economy and the automobile industry.”
The trade agreement signed between the United States and Japan and South Korea seems to be possible to avoid automobile tariffs, but the negotiation process between the US and the EU is even slower.
Trump said last month that Washington continued to negotiate trade with the European Union, but the plan is to avoid adding more tariffs.
US Treasury Secretary Steven Mnuchin also praised European automakers for expanding their investment in the United States. Rongke’s comments have given European diplomats hope for a moratorium on tariffs.