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Trump Imposes 30% Tariff on EU to ‘Correct’ Trade Deficit
US President Donald Trump has announced that all imports from the EU and Mexico will have a 30% tariff as of August 1. He sent letters to EU President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum informing them of the new rates, which were also posted on his Truth Social account on Saturday.
What Trump’s new 30% tariffs mean for Europe’s economy
President Trump’s announcement marks a sharp escalation in his ongoing trade war against major U.S. partners. Since returning to office, he has revived his aggressive trade agenda, which already includes high tariffs on Chinese and South Korean goods.
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EU imposes new tariffs on Chinese carsThe European Union on Wednesday imposed tariffs on Chinese-produced electric vehicles (EVs), adding another pressure point to Chinese EVs on top of existing American duties imposed by ...
Currently, the EU imposes significant tariffs on Chinese imports. For example, BYD cars sold in Ireland are subject to a 17% tariff on top of a general 10% tariff.
Last year, the EU imposed up to 45.3% tariffs on Chinese-made EVs after the European Commission found that China’s car industry benefited from “unfair subsidization,” according to Autocar.
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EU imposes tariffs on Chinese electric vehicles - MSNThe European Commission will impose additional tariffs, with rates varying from 7.8% for Tesla to 35.3% for China's SAIC, in addition to the standard 10% car import duty in the EU.
The European Union on Wednesday imposed tariffs on Chinese-produced electric vehicles (EVs), ... EU imposes new tariffs on Chinese cars by Zack Budryk - 10/30/24 12:27 PM ET.
The European Union has decided to impose tariffs of up to 45.3% on Chinese-built electric vehicles, following the conclusion of a high-profile trade investigation, reported Reuters. According to ...
The European Union on Wednesday imposed tariffs on Chinese-produced electric vehicles (EVs), ... EU imposes new tariffs on Chinese cars. Zack Budryk. October 30, 2024 at 9:27 AM.
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