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Trade disputes: Altmaier: The EU could lower tariffs for US cars to zero

2019-07-21T08:53:09.738Z

TIME ONLINE | News, backgrounds and debates


Berlin (AP) - In the trade dispute with the US, the EU is ready to lower the tariffs on car imports to zero, according to German Economics Minister Peter Altmaier.

"This would also eliminate the charge that American car duties are lower than European ones," said the CDU politician of the "Welt am Sonntag".

In his view, US President Donald Trump has repeatedly criticized unfair trade agreements with the European Union. So far, the US requires 2.5 percent import duty on European cars - the EU gets 10 percent. By contrast, the US import duty for pick-ups so popular in the United States is 25 percent.

Altmaier said in mid-July, following a conversation with US Trade Representative Robert Lighthizer in Washington, that he believed that a resolution to some areas of the trade dispute was possible by the end of the year. Industrial tariffs could be reduced to zero. Now he stressed that this would also affect the import duties on cars: "Yes - and to zero. As part of an industrial customs agreement », said Altmaier of« WAMS ». Negotiations with the US leads the EU.

Source: zeit

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