Donald Trump announced that he would impose additional duties on imports from the European Union and Canada, if he decides that they coordinate actions to the detriment of the US.
“If the European Union cooperates with Canada to cause economic damage to the United States, both countries will be applied on a large scale duties, much higher than now planned. This will be aimed at protecting the best friend (i.e. the US – PAP), which each of them has ever had!” – Trump wrote on his Truth Social social networking site.
Trump about possible duties on the EU and Canadatruthsocial.com
Trump's new duties on cars
Duty in the amount of 25 percent For all cars and light trucks imported from abroad, it is to enter into force on April 2. The current rate was 2.5 percent. In Trump's opinion, this decision will make foreign companies increase the production of cars in USAand other companies will move their factories there.
The president estimated that customs duties are to bring the budget $ 100 billion. They will be applied in addition to the current tariffs. Trump announced that customs are “permanently” and there will be no inclusion of them.
Three main car manufacturers in the USA – Ford, General Motors and Stellantis – in a joint statement issued on Thursday, emphasized that it is crucial for them that the new American duties “would not raise prices for consumers”. They assured that they would cooperate with the government in terms of “sustainable policy favorable to Americans.”
These new countries will affect the most
According to data from the Tradeimex portal, the largest car exporter to the USA is Mexicowhich is responsible for almost 25 percent. cars imported there and which, like Canada (13 percent), has an American car manufacturers factory on its territory. In the next places they are Japan (18.6 percent), South Korea (17.3 percent). From European countries, the greatest exporters are Germany, Great Britain, Slovakia, Italy and Sweden.
Poland is not a significant source of imported cars, but exports a large number of parts and accessories, whose value in 2024 amounted to $ 311 million.
According to CBS television, about half of the US cars come from import.
Source of the main photo: PAP/EPA/Will Oliver