Daily Management Review

US may reconsider tariffs on imported cars


11/04/2019


The US presidential administration may completely abandon the increase in tariffs on imported cars, said the country's Minister of Commerce Wilbur Ross. According to him, there is a possibility that the tariffs will not be needed after “good negotiations” with Japanese, European and South Korean carmakers.



Minesweeper
Minesweeper
“We hope that the negotiations we have with individual companies regarding their capital investment plans will bear enough fruit so that there will be no need (to increase fees),” Mr. Ross said in an interview with Bloomberg Television.

Recall, the administration of the U.S. President Donald Trump began to discuss the introduction of increased duties on car imports in 2018. This idea was justified by national security. Cecilia Malmström, head of the EU trade department, said the EU would be forced to retaliate. In May 2019, the United States postponed the decision to impose tariffs on imported cars and spare parts for 180 days.

Earlier, the Minister of Economics and Energy of Germany Peter Altmaier said that the EU is ready to reduce to zero duties on cars that are imported from the United States.

source: bloomberg.com






Science & Technology

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste