Trump hints that trade war with Europe could raise taxes on cars built in Europe

5 Mar
2018 BMW X2As threats of a trade war between the U.S. and Europe escalate, President Donald Trump on Saturday said in a Tweet that his administration could increase taxes on cars imported from Europe to the U.S. Currently, the U.S. levies a 2.5 percent tariff on most cars imported from Europe. That's considerably less than the 10 percent tax the EU levies on...

Great news: Denmark is cutting the tax rate on new cars to 100 percent

30 Aug
The flag of DenmarkMaybe you've just graduated from college and you're looking for a Scandinavian adventure. Maybe you're having a mid-life crisis and you want to shake things up a bit. In either case, you might've asked yourself: should I move to Denmark? If so, and if the answer to that question was a resounding "Ja!", we have some great news: the Danish...

Congress kills border tax that could have piled thousands on to new car prices

27 Jul
Workers assemble a Fiat 500 in Toluca, MexicoCongressional leaders have signaled that they will scrap a border tax on incoming goods, including cars, as part of a larger tax overhaul proposal. "While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it and have decided to set this policy aside in order to advance tax...

Automakers rally to kill proposed border tax

20 Jul
US Air Force airmen install a fence along the US-Mexico border east of San Luis, AZDuring the run-up to the 2016 U.S. presidential election, then-candidate Donald Trump made a lot of promises to voters--chief among them, vows to repeal the Affordable Care Act and to penalize companies that manufactured goods for the American market outside the U.S. This hasn't been a great week for either of those efforts. Republican-led...