The spokesman of the European Commission said that the block hopes that he will be able to conclude an agreement with the Trump administration
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by Brad Anderson
March 28, 2025 at 05:29
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- Ineos slams the EU for having omitted to negotiate American prices, warning massive price increases.
- CEO Lynn Calder calls for urgent political intervention, highlighting the impact of jobs on jobs.
- Despite calls for the EU, Ineos belongs to the eminent Brexiteer Jim Ratcliffe.
Ineos, a relatively small car manufacturer, is one of the brands that should feel the bite of the 25% heavy prices of US President Donald Trump, and the company is not satisfied. The British brand has strongly criticized the European Union for not intensifying to negotiate a solution, especially since the prices will be hampered on April 3, which probably increases the prices of its vehicles.
In a strongly written statement, Ineos said it was “indignant that the tariff situation with the United States was overlooked by the EU”, noting that Trump has long been clear on his plans. “And yet, European leaders did not come to the table to negotiate a better solution,” added Ineos, noting that the prices “could have and should have been avoided”.
The irony of the position of Sir Jim Ratcliffe
Of course, there is a little irony in all of this. Ineos belongs to Sir Jim Ratcliffe, an eminent Brexiteer and one of the richest people in the United Kingdom. Ratcliffe was a fierce defender of Brexit, claiming that the United Kingdom would prosperate without the administrative formalities of the EU – before quickly moving to Monaco in tax franchise in 2020. And yet, we are there, years later, with his now furious business in the EU he has abandoned for not intensifying when it matters.
Read: 7,000 ineos grenadiers recalled for doors that can swing open in mid-training\
The British brand sells both the Grenadier and Grenadier district in the United States, and although it has planned prices, it said: “There is only many things that can do to protect American customers from price increases.”
“This is what happens when politicians are seated on their hands,” said the CEO of Ineos Automotive, Lynn Calder. “As a growing automotive brand based on the EU, we are vulnerable to prices, and we need our politicians to support our business, our jobs and our savings. We need urgent and direct political intervention on prices. We will provide any support that we can to our political leaders to keep the field of game even for small competitive brands as a grenadier. ”
The EU must solve the emergency problem
Ineos clearly said that European leaders must intervene and take action on the issue of prices, because they are the only ones who have the power to negotiate a solution.
The spokesman for the European Commission Olof Gill said Bloomberg That the EU hopes for a negotiated resolution with the United States, emphasizing the desire of the block to “build this relationship, not demolish it”.
New prices are bad news for businesses and consumers. Experts estimate that the 25% levy on imported vehicles could increase prices from $ 6,000 to $ 16,000 on some of the most popular American cars. For example, vans like the Chevrolet Silverado and the RAM 1500 could get more than $ 13,000 and more $ 15,000, while the prices of popular sedans like the Honda Civic and the Toyota Corolla could increase up to $ 7,000.
