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- US considering three car tariff options, including 10% levy - Wirtschaftswoche report
US considering three car tariff options, including 10% levy - Wirtschaftswoche report
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.
The final option is that of a 25% levy, which was the proposal that was being touted originally.
The US Department of Commerce is expected to present the investigative report after the so-called Chapter 232 on 17 February. After that, US President Donald Trump has 90 days to make a final decision.
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