VDL ‘deeply regrets’ Trump’s decision to impose 25% tariffs’ on European car exports
European Commission President Ursula von der Leyen says that she deeply regrets the US decision to impose tariffs on European automotive exports.
The BBC reported that Trump has announced new import taxes of 25 per cent on cars and car parts coming into the US, with the latest tariffs coming into effect on April 2, with charges on businesses importing vehicles starting the next day.
Von der Leyen said that the automotive industry is a driver of innovation, competitiveness, and high quality jobs, through deeply integrated supply chains on both sides of the Atlantic.
“As I have said before, tariffs are taxes – bad for businesses, worse for consumers equally in the US and the European Union,” Von der Leyen said.
“We will now assess this announcement, together with other measures the US is envisaging in the next days.”
The EU will continue to seek negotiated solutions, while safeguarding its economic interests, she said.
“As a major trading power and a strong community of 27 Member States, we will jointly protect our workers, businesses and consumers across our European Union,” Von der Leyen said.
