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Motor1
Motor1
Sport
Chris Perkins

The US Just Struck a Tariff Deal With the EU. Here's How Much Your New Porsche Will Be Taxed

European Union Donald Trump United States

President Trump's tariffs upended the automotive industry when the administration first announced them back in April. Trump's proposal was that auto and auto parts imports to the US would see a 25-percent duty on top of whatever preexisting duties were already in place. Over the weekend, the Trump administration and the European Union announced a deal that sees tariffs reduced to 15 percent, in exchange for investment commitments from EU nations.

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