Brussels, 25 August (Kiran News). The European Automobile Manufacturers’ Association (ACEA) has welcomed the recent joint EU-US statement detailing the trade agreement reached between the two sides, especially the move by the US to reduce its tariffs on EU automobile imports from 27.5% to 15%.
The association, representing major European vehicle makers, said this development is a positive step forward and comes alongside the EU’s own procedures to cut tariffs on American products. The tariff reduction is set to take effect from 1 September, and the agreement will introduce a special regime for certain product groups. These groups, including items such as cork and all aircraft and aircraft parts, will only be subject to Most Favoured Nation (MFN) tariffs.
While ACEA welcomed the added clarity, it noted that some technical details of the agreement remain to be finalised. ACEA Director General Sigrid de Vries stated: “This confirmation is a positive step that provides greater certainty for our industry. It is now crucial that the Commission proceeds to implement the EU’s commitments without delay, mitigating the tariff impact which already has cost automakers millions of euros in duties every day.”
ACEA represents 16 major European vehicle manufacturers, including BMW Group, Daimler Truck, Ford of Europe, and Volkswagen Group.
Last month, ACEA reported a 13.2% decline in new EU van registrations for the first half of 2025, with Germany, France, and Italy all seeing significant drops. In contrast, Spain recorded an 11.2% increase in new van registrations.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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