The US may postpone the introduction of duties on cars from the EU | FREE NEWS

The US may postpone the introduction of duties on cars from the EU

The United States may refuse or postpone the introduction of import duties on European cars during negotiations with the EU, Bloomberg reports, citing the Secretary of Commerce of the United States Wilbur Ross.

“We hope that the negotiations that we are holding with individual companies about their investments and capital will make a sufficient contribution, and the introduction of the 232-th (article, which imposes restrictive measures on products transported in the United States to protect the interests) will not be so necessary, ” – said Ross.

The United States and the European Union are currently engaged in difficult negotiations on trade. So, in early October, the WTO arbitrator because of subsidies to the European aircraft manufacturer Airbus allowed the United States to introduce retaliatory trade measures against the EU for a total of $ 7.5 billion a year. US trade representative Robert Lighthizer announced in this regard the introduction of new duties of 10% on aircraft and 25% on agricultural and industrial products imported from the EU. This decision came into force on October 18.

In addition, US President Donald Trump said in June that the US will impose import duties of 20% on cars from the European Union, but later decided to postpone the introduction of duties on cars and parts to them for six months. He also directed the country’s Commerce Secretary, Wilbur Ross, to launch an investigation and find out whether car imports threatened American national security and whether those imports should be taxed.

The entry into force of duties on automotive products from the EU was expected later in November, Bloomberg said.