Global Macro Service > Research Briefings > United States

US-EU auto trade war postponed until 2020

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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