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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1118753)	2/19/2019 3:44:50 PM
From: Taro	Read Replies (1) \| Respond to of 1575984

When Europe imposes 25% tariffs on US cars imported into their countries and the US only imposes around 5% tariffs, then that imbalance is called a wealth transfer from the US to Europe. I believe the EU duty tariffs on US cars is 10% vs the US duty tariffs on EU cars being only 2.5%. Bad enough for the balance. One case is the opposite, however, but hardly a significant part of the total balance: US imposes a 20% duty in pick-up vans from the EU. That said, the German car industry has proposed a mutual 0% between the US and EU. Which IMO most likely will be vetoed by the French.