EU tariffs

Prior to Trump coming to office any products exported to the (EU) European Union paid a ten percent import tax and a 20% (VAT) value added tax. How much did a $50,000 America made car cost when exported to the EU? Example Calculation (assuming $2,000 in shipping costs): Car Value: $50,000 Import Duty (10%): $5,000 Shipping Costs: $2,000 Total for VAT calculation: $50,000 + $5,000 + $2,000 = $57,000 VAT (19%): $57,000 * 19% = $10,830 Total estimated import costs (excluding shipping): $5,000 (duty) + $10,830 (VAT) = $15,830 A $50,000 car made in the EU cost 2.5% to import to the US A $50,000 car made in the US cost the European customer $65,830 while $50,000 car made in the EU cost the US customer $51,250. In 2015, the EU exported approximately 1,155,488 passenger cars to the United States and the US sent 90,000 cars to the EU. In 2015, the United States had a trade deficit of $153.3 billion with the European Union. Much of this was with cars.