ACEM welcomes today’s joint announcement by the EU and the US on addressing global steel and aluminium excess capacity and the decision by the EU to temporarily suspend, for six months, the doubling of tariffs on US-made motorcycles above 500cc, which were set to come into effect on 1 June 2021.
Despite this positive development, the EU’s Rebalancing Measures remain in place at 25%. This means US motorcycles still bear a 31% tariff, which has a considerable negative affect bilateral trade and on European motorcycle dealers and customers. Furthermore, the suspension of the additional 25% is a temporary measure which still threatens significant harm to the European motorcycle sector, if a resolution is not found in the next 6 months. Therefore, ACEM continues to call for the removal of motorcycles from the EU’s list of products impacted by rebalancing tariffs.
Motorcycles have no place in an unrelated trade dispute.
ACEM supports all EU and US efforts to urgently de-escalate this trade conflict, and to return to non-punitive tariff levels as soon as possible.
Press contact
Manuel Ordonez de Barraicua
ACEM communications manager
[email protected]
+32 496 52 65 17
