Global Macro Service > Research Briefings > United States
The US administration’s decision to delay tariffs on imported cars and parts from the EU by six months is encouraging, especially considering escalating tensions vis-à-vis China. The imposition of 25% tariffs on $50 billion of auto imports from the EU, along with EU retaliation, would reduce EU GDP by 0.2% in 2021, with Germany and Eastern European economies suffering the most.
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