In November 2018, coinciding with the US midterm elections, the Ministry of Commerce submitted its first reports on imports to the Trump administration and relevant government branches, except that the White House master asked them for further investigation and delivery. The final report on February 18, 2019, to take a decision within 90 days on imposing tariffs on auto imports from Japan, South Korea and the European Union specifically to achieve two goals ... the first is to raise the US employment rate, and the second is to reduce the trade deficit with the union and urge it to Reducing trade barriers against US exports
Over the past two days, there have been leaks about the content of the US Department of Commerce investigation that the Trump administration is on its way to impose double tariffs on European cars and their components up to 25% after consideration These imports are a threat to the US national security, according to the leaks of the report, which was immediately criticized by German Chancellor Angela Merkel by saying that the German BMW plant is located inside the United States itself and not specifically in the state of South Carolina and not in Germany's Bavaria. We are proud of our car and any American tariffs on it raises Very anxiety and deepens the suffering of consumers in the world No, so I invited Trump to talk about it.
The excitement of the European auto imports file to the United States comes at a very complicated time as the heavy trade armistice negotiations between the American and Chinese sides, as well as the negative repercussions of the ongoing Brexit crisis, which During 2018, Britain's car production decreased by 9.1% to 1.52 million cars, with the volume of investments declining by about 45.5% to reach 588.6 million pounds ... In addition, manufacturing activity in the euro area fell to its lowest levels in the past four years ... This calls for passing on some details of the scene of imports between the European Union and the states US united through the following points: -
First ... More than $ 56.5 billion is the volume of European exports of cars and their components to US markets, and this is part of a very large picture of the European Union's trade with the United States. Which amounts to more than $ 1.1 trillion annually
Secondly, about $ 294 billion is the value of US exports that the European Union intends to impose customs duties on in response to Trump's move if his fees on EU cars are raised to 25%. ... which is a very large number that represents about 19% of the total US exports.
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