Trump delays threatened rise in US tariffs on European automobiles
Updated
Updated · The Wall Street Journal · May 7
Trump delays threatened rise in US tariffs on European automobiles
14 articles · Updated · The Wall Street Journal · May 7
After speaking with European Commission President Ursula von der Leyen, he said the 27-nation EU now has until July 4 to implement last year's trade deal.
Trump had warned tariffs on European autos would rise this week to 25% from 15% because the bloc was moving too slowly on agreed changes.
The deal is meant to lower tariffs on various US products, but Trump said duties could jump to much higher levels if the EU misses the new deadline.
How can the US legally impose auto tariffs after the Supreme Court curbed presidential power?
Is the US-EU tariff battle a trade dispute or a sign of a fracturing transatlantic alliance?
Can Europe's new 'trade bazooka' effectively counter US threats and stabilize the transatlantic economy?