The tariffs imposed by the USA on steel and aluminum generate additional costs for the European automotive industry, say representatives of the EU industry.
Raluca Ioana Draghici
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Economy
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EU industry representatives argue that the new tariffs imposed by the US on steel and aluminum create significant difficulties, complicating the determination of the origin of materials. These tariffs, introduced by the Trump administration, affect not only products imported from the EU but also essential components for the automotive industry. Although the EU-US trade agreement promised to reduce tariffs on EU cars, this has not yet been realized, and the financial impact on European automotive firms is considerable.
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