Commentary by Mariusz Zielonka, chief economist of Leviathan
The fresh duties on imports of cars and parts to the USA are due to apply from 3 April. president Donald Trump says this time there will be no postponement of their entry into force. It is besides fair to say that there is simply a clear inequality of customs duties on these products between the US and the EU. The old Continent took American products with 10% tax, and we sent cars with 2.5% load. In this situation, 1 can realize Donald Trump's desire to recover funds previously lost. It may besides be part of a wider negotiating game, which would nevertheless aim to find a customs consensus.
However, as with specified decisions, consumers will be the first victims. Estimates show possible car price increases in the US by as much as $10,000. The introduction of 25% of the work will surely besides harm producers in Europe who can anticipate a reduced request for their goods. Fortunately, there are indications that the producers on both sides of the Atlantic have overtaken adequate purchases. Thus, the negative effects may not be visible immediately.
Polish producers will besides have a short-term demand. This will straight concern the production of parts, indirectly cars.
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