Vespa World Days saw thousands of Vespas in parade
June 21, 2018
Everything set for 18th BMW Motorrad Days
June 22, 2018

EU to tax American motorcycles

On June 20th, 2018 the European Commission adopted a new regulation in order to counter American tariffs on foreign steel and aluminium. These tariffs will target a list worth €2.8 billion and they are coming into effect on Friday, June 22nd.

Included in the list are motorcycles with and internal combustion engine with a displacement of over 500cm3, meaning in effect all motorcycles imported from the US.

– We did not want to be in this position. However, the unilateral and unjustified decision of the US to impose steel and aluminium tariffs on the EU means that we are left with no other choice. The rules of international trade, which we have developed over the years hand in hand with our American partners, cannot be violated without a reaction from our side, states Commissioner for Trade, Cecilia Malmström.

– Needless to say, if the US removes its tariffs, our measures will also be removed, she continues.

FEMA have earlier taken a strict stand against motorcycle tariffs. They also tried to plead to the Commission and Commissioner Malmström, but to no avail.

– Imposing sanctions or import taxes on [American-made motorcycles] will not just hurt Americans and American industry, it will also hurt European motorcycle businesses, their workers and the families of those workers. People could lose their jobs and families could lose their income if [American-made motorcycles] become too expensive to sell, commented FEMA General Secretary Dolf Willigers earlier in the year.

Facebook Comments