Germany’s Largest Auto Makers Back Abolition of EU-U.S. Car Import Tariffs

Less Merkel, More Mercedes

 

See, now we’re talking.

As we’ve said before, the highways of America should have more fine German vehicles on them, not fewer. Plus half the BMWs and Mercedes sold here are made in the states.

Tariffs are tools of cronyism and they cost consumers. Reducing tariffs reduces cronyism and is a boon to consumers.

(From The Wall Street Journal)

Germany’s leading auto makers have thrown their support behind the abolition of all import tariffs for cars between the European Union and the U.S. in an effort to find a peaceful solution to the brewing trade war.

The U.S. ambassador to Germany, Richard Grenell, brought the proposal for a broader industry trade pact to the Trump administration on Wednesday, according to people familiar with the situation.

That would mean scrapping the EU’s 10% tax on auto imports from the U.S. and other countries and the 2.5% duty on auto imports in the U.S. As a prerequisite, the Europeans want President Donald Trump’s threat of imposing a 25% border tax on European auto imports off the table.

OK so let’s do it.