You won’t see too many US vehicles, perhaps none, when traveling in the EU.
“If Europe is for free trade, we should be the ones showing the way and going down to very low tariffs first,” Samuelsson told Reuters
I’m sorry, but if you’re talking about “free” trade, why have any tariffs at all? They should be ZERO.
But therein lies the truth. The EU is not interested in “free” trade but rather, protectionism and subsidies.
Volvo CEO Hakan Samuelsson urged the European Union to slash its auto tariffs on the US — an apparent bid to sway President Trump to lower his own hefty duties on foreign vehicles.
The automaker, which is majority-owned by China’s Geely Holding, currently faces a steep 27.5% tariff on its imports.
The EU, meanwhile, has a 10% tariff on American-made cars.
“If Europe is for free trade, we should be the ones showing the way and going down to very low tariffs first,” Samuelsson told Reuters during an interview Thursday.
nypost.com
“If Europe is for free trade, we should be the ones showing the way and going down to very low tariffs first,” Samuelsson told Reuters
I’m sorry, but if you’re talking about “free” trade, why have any tariffs at all? They should be ZERO.
But therein lies the truth. The EU is not interested in “free” trade but rather, protectionism and subsidies.
Volvo CEO urges EU to slash its tariffs on US vehicles: ‘Absolutely unnecessary’
Volvo CEO Hakan Samuelsson urged the European Union to slash its auto tariffs on the US — an apparent bid to sway President Trump to lower his own hefty duties on foreign vehicles.
The automaker, which is majority-owned by China’s Geely Holding, currently faces a steep 27.5% tariff on its imports.
The EU, meanwhile, has a 10% tariff on American-made cars.
“If Europe is for free trade, we should be the ones showing the way and going down to very low tariffs first,” Samuelsson told Reuters during an interview Thursday.
Volvo CEO urges EU to slash its tariffs on US vehicles: ‘Absolutely unnecessary’
The European Union has a 10% tariff on American-made cars.
nypost.com