EU Trade Chief Sees Possible Extension to May 18 Deadline for U.S. Car Tariffs: Newspaper

Date: May 13, 2019
Source: Reuters
MEMA Industry News Editor’s Note: The EU is a critical trading partner for the U.S. and, particularly, for vehicle parts manufacturers. Last December, MEMA commented and testified about its support for the U.S. to strengthen our trading relationship with the EU. MEMA also has argued consistently against any potential Section 232 tariffs on automobiles and automotive parts. Visit the MEMA Trade Resources page for more information about trade talks or contact Ann Wilson or Leigh Merino.
FRANKFURT -- European Trade Commissioner Cecilia Malmstroem expects U.S. President Donald Trump to delay a May 18 deadline for U.S. tariffs on cars imported from the European union, according to an interview published in the Sueddeutsche newspaper today.
Trump, who raised tariffs on $200 billion of Chinese imports earlier this month, is due to make a decision about European cars which could affect some 47 billion euros ($53 billion)worth of car and auto part exports.
Malmstroem said it was possible the deadline could be extended as Washington focuses on its ongoing negotiations with Beijing.
“There are signals that it could be extended -- because of the negotiations between the U.S. and China,” Malmstroem was cited as saying.
Should Trump go ahead with tariffs on May 18, the EU had a list of U.S. products worth 20 billion euros on which retaliatory tariffs could be levied, she said.
European leaders and officials had long said they would not discuss trade arrangements under threat of action from Trump, which some likened to negotiating with a gun to the head.
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