Quote:
Originally Posted by cc3
Some of these numbers will take a nosedive if Trump adds his 25% import tax on the overseas built vehicles. Expect him to do it as he will probably have a paddy once the EU starts taxing Harley's, Levi's etc etc and he has said before he wants to ban the import of German luxury cars.
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The 25% tariff on automobiles is not real. It is a number conjured up from US tariffs on foreign steel.
I wouldn't predict more than a 10% tariff on vehicles shipped to the EU since 10% is what the EU's tariff is on US automobiles. Considering the current US tariff on EU automobiles is 2.5%, the theoretical worst-case scenario is an additional 7.5%.
Let's hope for a best-case scenario, with both the EU and US agreeing to remove tariffs on automobiles altogether!