Comment by cbeach
7 days ago
Why haven't we questioned the asymmetric high tariffs imposed by the EU on America for decades?
The EU imposed a 10% tariff on US cars for decades while the US only imposed 2.5% on the EU. And this happened while the EU exerted a significant trade surplus against the US on automobiles.
I don't advocate trade wars, but I can understand the case for some rebalancing, given the historic context. Hopefully Trump will only use tariffs as a negotiating tool, and they will soon be lifted. He's a dealmaker.
Of course a lot of the vehicles that would be interesting to the US market are not classified as cars, but as (light) trucks, and have a 25% tariff applied (originally due to a minor tariff "war" in the 1960s around chicken exports). It's just wrong that the US until now has not questioned and acted upon foreign tariffs.
>The EU imposed a 10% tariff on US cars for decades while the US only imposed 2.5% on the EU.
Whose faults? Someone signed the deal, someone let the deal stand 'for decades'. Trump could have 'rebalanced' any disparities...er, 'nicely', and been annoyingly victorious. As it is, nah. Lost trust. Not visiting, either.