Thursday, April 25, 2024
HomeNEWSINTERNATIONALBIKE INDUSTRY BEGS FOR END TO TARIFFS

BIKE INDUSTRY BEGS FOR END TO TARIFFS

ACEM and USMMA, respectively representing European and US bike manufacturers, have issued a joint transatlantic statement pleading for the removal of retaliatory tariffs on American motorcycles imported into Europe. Their cap-in-hand message is addressed to a forthcoming Summit meeting between US president Joe Biden and European Commission president Ursula von der Leyen.

These tit-for-tat tariffs were imposed after the US sanctioned steel and aluminium exports from Europe with punitive duties, and were due to be doubled soon. Having rejoiced when the EC suspended that increase for six months, subject to negotiations, ACEM is also begging for a quick resolution to the steel and aluminium dispute itself.

Without pausing for breath or much in the way of punctuation, ACEM secretary general Antonio Perlot said: “ACEM calls upon the transatlantic leadership to ensure that negotiations to tackle steel over-capacity concerns be concluded without delay and not to wait six months, during which time hundreds of millions of euros of unrelated sectors’ money will be spent on unwarranted tariffs, instead of on investments and essential research and development for the rebuilding and greening of both EU and US economies.”

His efforts will almost certainly be futile. Biden has been lobbied in advance by the powerful United Steelworkers trade union, members of which have benefited mightily from protectionist measures introduced by Biden’s predecessor Donald Trump. And as a Democrat on America’s political left wing, Joe Biden is very keen on promoting employment recovery for American blue-collar workers.

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