US considering three car tariff options, including 10% levy - report

Author: Justin Low | Category: News

German magazine, Wirtschaftswoche, reports

The first of the three options reported is a 10% levy, which would make US tariffs equal to that of the EU. The second option is customised levies, which would be limited to certain cars and their respective components. And the final option is that of a 25% levy, which was the proposal that was being touted originally.

As mentioned before, expect this to be more of a hot topic in the coming months. As a side note, this will also act as another headwind for the euro and the German economy down the road if the tariffs are to materialise.

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