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147 new news items in the last 24 hours
  1. Home
  2. Economy
23 September 08:06

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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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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Noile taxe vamale americane la oțel și aluminiu afectează industria Uniunii Europene

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NEWS ON THE SAME TOPICS

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International
European car manufacturers reported losses of over 8 billion euros due to the trade tariffs imposed by the USA.
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The automotive industry in Germany is calling for immediate discussions between the USA and the EU to de-escalate the tariff dispute.
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The European Commission reacted to Donald Trump's announcement about raising tariffs to 25% on cars from the EU, accusing the community bloc of violating a trade agreement.
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Donald Trump has announced that he will raise tariffs to 25% on vehicles from the European Union, starting next week.
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The EU-US discussions on the trade agreement have failed. The situation risks increasing Donald Trump's anger.
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European stock markets closed lower on Monday due to trade tensions, following Donald Trump's announcement regarding the increase of tariffs on EU cars.
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