US considering three car tariff options - Report

Haresh Menghani FXStreet

According to a report published in a German magazine - WirtschaftsWoche, the US is considering three car tariff options, including a 10% levy, which would make US tariffs equal to that of the EU.

The second of the three options reported is customized levies, which would be limited to certain cars and their respective components. The final option is that of a 25% levy, the proposal that was being rumoured originally.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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