FAMAGUSTA GAZETTE – The European Automobile Manufacturers’ Association (ACEA) expressed serious concerns about a new U.S. tariff measure imposing a 25% tax on imported vehicles and auto parts.
Signed into effect by President Donald Trump, the measure is expected to raise costs for American consumers and disrupt U.S. manufacturing.
ACEA Director General Sigrid de Vries called on the U.S. administration to reconsider the tariffs, emphasizing European automakers’ long-standing contributions to the U.S. economy through investments, job creation, and tax revenue.
Despite a 4.6% drop in EU car exports to the U.S. last year, valued at over €38.46 billion, the U.S. remains the EU’s largest automotive export market.
ACEA urged both Washington and Brussels to resolve the issue diplomatically to avoid the risks of an escalating trade war.
