https://www.taxtmi.com/news?id=38858 US imposition of a 25 percent import tax on passenger vehicles will burden manufacturers, suppliers and consumers across the transatlantic supply chain, worsening existing domestic market weaknesses and competition from Chinese electric vehicles. European industry bodies warn of export declines, job risks and reduced growth, and urge urgent bilateral negotiations to address tariff and non tariff barriers and avert retaliatory trade measures. en-us Thu, 27 Mar 2025 17:46:03 +0530 Thu, 27 Mar 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38858 US imposition of a 25 percent import tax on passenger vehicles will burden manufacturers, suppliers and consumers across the transatlantic supply chain, worsening existing domestic market weaknesses and competition from Chinese electric vehicles. European industry bodies warn of export declines, job risks and reduced growth, and urge urgent bilateral negotiations to address tariff and non tariff barriers and avert retaliatory trade measures. News - Thu, 27 Mar 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=38858