None
EN
Comment on Neither Art nor Deal: Trump’s Risky US-EU Trade Agreement by Atul Singh
['Alex Gloy']
Comments for Fair Observer
German car manufacturers are unlikely to lower prices in the US as they are already around 30% below home market levels.
US car imports from the EU are dominated by German cars, led by premium brands like BMW, Mercedes, Audi and Porsche.
The average sales price for a new BMW ($74,400) is 50% above the average US car price, indicating the customer base is less price-sensitive than the average buyer.
Assuming LNG imports from the US increased to $75 billion, crude oil imports would have to make up the gap, increasing fourfold to $175 billion.
Following the Russian invasion of Ukraine, which led to an energy price shock, consumers are willing to switch to alternative energy supplies.
['car'
'art'
'risky'
'oil'
'trade'
'tariffs'
'billion'
'eu'
'energy'
'price'
'german'
'production'
'trumps'
'useu'
'agreement'
'imports'
'deal']