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The EU's denial emphasizes that any tariff reductions must involve mutual benefits and must be negotiated within a "fair and rules-based framework." Currently, the EU imposes a 10% tariff on cars imported from the US, in contrast to the US's much lower tariff of 2.5% on European vehicles. In the backdrop of these negotiations, Trump has already implemented a 25% tariff on steel and aluminum imports and has hinted at increased tariffs that would severely affect German automakers in particular.
Negotiations are set to continue with key players, including EU Trade Commissioner Maros Sefcovic and US Secretary of Commerce nominee Howard Lutnick, along with Trade Representative nominee Jamie Kupper. Their upcoming discussions are expected to address these complex tariff issues.