Detroit Bureau on Twitter

Posts Tagged ‘Trump threatens EU with 25% auto tariff’

EU Trade Chief Warns Trump Administration to Back Off Tariff Threat

Malmstrom comes to D.C. with a list of tariff targets.

by Michael Strong on Nov.15, 2018

Cecilia Malmstrom, the EU's top trade official, warned that if the Trump administration implemented auto tariffs on the EU, the union would respond in kind.

If President Donald Trump makes good on a threat to impose a 25% tariff on cars and trucks imported into the United States from Europe, the European Union is prepared to implement a new policy of its own: an eye for an eye.

Cecilia Malmstrom, the top trade official for the European Union, met with U.S. Trade Representative Robert Lighthizer to talk about trade issues. After the meeting, she warned the EU would implement tariffs of equal size and strength on U.S. goods if Trump made good on his threatened auto tariffs.

Global News!

“It would be a rebalancing list covering a lot of different sectors,” Malmstrom said. “That would be ready if we thought those measures would hit us. We hope not.”  (more…)