You are here: Home » International » News » Others
Business Standard

Car tariffs: EU counterattack to hit US exports worth $294 billion

The EU says that for some goods, such as trucks, US import duties are higher

Reuters  |  Brussels 

The European Union (EU) has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of US exports. In a 10—page submission to the US Commerce Department sent last on Friday, the EU said tariffs on cars and car parts were unjustifiable and did not make economic sense.The Commerce Department launched its investigation, on grounds of national security, on May 23 under instruction from President Donald Trump, who has repeatedly criticised ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, July 03 2018. 02:32 IST