America Is A Walled-Up Car Market, Europeans Say

Some folks still desperately stick to the fairy tale that the Japanese car market is closed. The same people became excited when European carmakers  complained about different Japanese technical regulations – something that was sold as "proof" for Japan walling up its market against foreign imports.  The same people claim the U.S. market is open wider than the happy hooker. Not if you ask European carmakers again. Said the European carmaker association ACEA: "Current US auto non-tariff barriers (NTBs) are equivalent to an ad valorem tariff of about 26%. The elimination of tariffs and just a quarter of existing NTBs would increase EU vehicle and parts exports to the US by 149% for the period 2017-2027." The ACEA made this comment after the EU formally agreed to negotiate a trade pact with the U.S. from The Truth About Cars http://www.thetruthaboutcars.com

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