"what we expect now is that the tariffs will be returned to the automakers as of the first of August, which is something like 500, 600 million euros per month,"
"the best deal available"
"Any other alternative would be much worse,"
The U.S. established a 15% tariff on most EU goods, published in the Federal Register and effective Aug. 1. The 15% rate replaces an earlier 27.5% rate and is retroactive to Aug. 1, producing estimated monthly savings of about €500–600 million for European automakers. The reduction eases a major burden on EU vehicle manufacturers and was presented as a chief selling point by European Commission President Ursula von der Leyen. The 15% tariff remains higher than pre-Trump single-digit tariffs, drawing criticism from business associations and some members of the European Parliament. Most member states supported the deal. Trump had threatened even higher rates during talks.
Read at Fast Company
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