EU to offer lower tariffs on US cars

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A senior lawyer said the US would propose to reduce tariffs on importing US cars as part of an agreement to avoid trade war with EU Donald Trump.

Head of the Committee of the European Parliament, Burd Lange told the Financial Times that the block was agreed to reduce its 10 percent import tax by the United States to reduce the United States by 2.5 percent.

“We can try to make a deal before we expend and expenditure and tariffs,” said Lange, a Lange -familiar Lange in EU on how to determine tension with the White House.

He added that the block would propose to buy more liquid natural gas and military equipment in the United States, “Plus will also lower tariffs for cars”, he added.

The EU is hopeful to avoid harmful trade war by finding ways to overcome its trade surplus in the United States, which Trump has often mentioned as the cause of disciplinary action. In the first term of Trump, Brussels lowered the tariff of the block in the lobster and offered to buy more LNG and soyabian, which limit trade disputes between steel and aluminum.

The EU car industry is supportive of the move, Brussels officials say FT. This sector fears that Europeans do not buy our cars, they don’t take our farm products, they take almost nothing and we take them everything from them “Trump is afraid to do well in threatening his tariff The

Decreased Car Customs – The decision taken as a representative of the block in the European Commission trade policy – also applies to China and other countries according to WTO rules.

“There is a duty tied to the cars on our W to 10 percent, but let’s say, to show the world that we have fair relationships, it may be possible to reduce them,” said Lange.

EU officials are confident that imports from China will not increase, which is why the block has already been unjustly subsidized by Beijing, which has imposed up to 35 percent tariff on electric vehicles in the country.

BMW chief executive Oliver Jeps has called for low tariffs on cars and Mercedes’s boss Ola Cellenius says he wants a “grand bid bargain” with Trump.

EU officials say countries to make the main car, including Germany, have been advised and cannot be expected to be opposed to Berlin’s move.

In 2022 the EU exported 738,436 vehicles to the United States, which is worth € 37.4bn. It imported only 271,476 from the United States, which is worth € 8.7bn.

Lange warned that if the discussion failed, the EU allowed US technology and financial agencies to target with a new weapon. The Anti-coucution Instrument Trump’s first term was created to deal with countries using economic pressure to change domestic policy.

“Sometimes it is important to put a gun on the table,” said Lange.

FT said this week that the European Commission is preparing to use this system for the first time.

Lange said that Trump would probably use tariffs to remove taxes on online companies like Meta, X and Google to EU.

“So the ACI is effective so we can use this device to deal with these big technology companies.”

He said that Brussels could suspend the rights of intellectual property, for example allowing the software free use and applying tariffs on streaming services and other digital platforms.

He said that the ACI would be required to deploy about six months, as the EU had to calculate the loss of its industry and the majority member should get state assistance.

However, he said that the governments mentioned that the rapid revenge on the 20 percent tariffs on Canada and Mexico had been persuaded to suspend Trump for 5 days.

“We are definitely stronger than Canada or Mexico. And so, I assume that we are able to protect our economic interests. “

The Commission has refused to comment.