News that doesn't receive the necessary attention.

Thursday, May 31, 2018

US and "allies" agreed to 'America Last' trade deal in 1994: EU gets to impose 10% duty on US cars, US gets to impose no more than 2.5% on cars coming from EU "allies"-Wall St. Journal

3/12/2018, "Trump Tariffs May Threaten U.S. Auto Jobs, European Executives Warn," Wall St. Journal, William Boston, Geneva
 
"Under global trade rules set in 1994, the European Union imposes a 10% duty on cars and trucks from the U.S. and other countries, the maximum allowed. The U.S. applies a 2.5% tariff on imported passenger cars, the maximum it is allowed under the pact, and a 25% tariff on pickup trucks and work vans."...Commenter Harry Graff: "Looks as though the US has already lost the trade war in autos."]

.....................................









.........................

No comments:

Followers

Blog Archive

About Me

My photo
I'm the daughter of an Eagle Scout (fan of the Brooklyn Dodgers and Mets) and a Beauty Queen.