US president raises US import tariff on EU cars and lorries to 25%
→US customs-entry landed costs for EU-origin cars and lorries reset to a 25% tariff rate from next week unless the vehicles are made in the US by EU companies
Change
The US president announced an increase in US import tariffs on cars and lorries imported from the EU from 15% to 25%, starting next week, with vehicles made in the US by EU companies exempt from the increase.
Why it matters
EU-origin vehicle shipments cleared into the US after the effective date face a higher duty rate than the prior 15% baseline set under the EU-US tariff deal, changing the customs duty payable at entry for covered vehicles.
Implications
- → US auto and truck import compliance teams must apply the 25% tariff rate on EU-origin cars and lorries for entries from next week — using the prior 15% rate creates incorrect duty payment at customs.
- → EU vehicle exporters’ logistics and trade compliance teams must separate US-made vehicles by EU companies (exempt) from EU-origin vehicles (25%) for US-bound shipments from next week — misclassification applies the wrong duty treatment at entry.
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Source
View on The Guardian