Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trump’s Auto Tariffs May Harm US Economy, says EU


July, 02 2018
watermark Economic news

The European Union warns the Trump administration that the newly-imposed tariffs on automotive imports might harm the American economy about $14 billion. With regards to the comment request from the United States, the EU sent a letter to the Commerce Department's national security division on Friday stating that the 25 percent import on car and automotive parts would initially have a negative effect on the US GDP as much as 13-14 billion USD while the current US account balance will not have any positive impact according to Politico reports.


The EU further mentioned that car manufacturers in the bloc accounted 26 percent of the American auto production last year and showed that there was diverse foreign firms export production to the United States. While the EU suggested that countries could strike back to the US, as the Canada, EU, and Mexico already inflicted retaliatory tariffs towards Trump’s duties on aluminum and steel imports.

hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.