Where's the Trade Deal That Really Matters for Detroit?
As with that deal, the US set tariffs of 15% on a range of imported goods, including autos. There's been little more by way of details. Still, the levy being lower than what had been threatened, it offered that sort of qualified relief felt when you escape utter catastrophe and are merely maimed. The US imported about 800,000 vehicles from the EU last year — about 5% of the US market — and the new tariff represents a roughly 4 billion euro saving versus even higher penalties, according to Bloomberg Intelligence. BMW AG and Mercedes-Benz Group AG benefit especially due to the zero tariff set on US auto exports to Europe, since they are expected to send roughly 180,000 vehicles from US factories, mostly SUVs, back across the Atlantic this year.
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EIB grants loan to Credit Agricole to boost green financing for Polish businesses
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US Plans Record $100 Billion Bill Sale as Borrowing Needs Mount
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19 minutes ago
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Starbucks under pressure again as Brazilian tariffs hike coffee costs
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