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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump threatens to tax European auto imports
March 3, 2018 / 3:08 PM / Updated an hour ago
Trump threatens to tax European auto imports
David Shepardson, Mike Stone
WASHINGTON (Reuters) - U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel.
Trumps tweet suggested he is refusing to yield to U.S. business interests and foreign trading partners alarmed at the prospect of a trade war that rattled financial markets this week.
If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S., Trump wrote on Twitter.They make it impossible for our cars (and more) to sell there. Big trade imbalance!
The United States imposes a 2.5-percent tariff on cars assembled in Europe and a 25-percent tariff on European-built vans and pickup trucks. Europe imposes a 10-percent tariff on U.S.-built cars.
Trump criticized Europe in remarks at a fundraiser, according to video posted online Saturday, and suggested they would not increase tariffs.
The European Union: brutal. Theyve been brutal to us, Trump said at a Florida fundraiser.Theyve banded together in order to beat the United States in trade.
more...
https://www.reuters.com/article/us-usa-trade-autos/trump-threatens-to-tax-european-auto-imports-idUSKCN1GF0QJ
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Trump threatens to tax European auto imports (Original Post)
babylonsister
Mar 2018
OP
Still In Wisconsin
(4,450 posts)1. Dotard is not a "detail person."
What a moron.
Wellstone ruled
(34,661 posts)2. This will cause our Nation to
spiral into a Economic Crash by 2019.
Hoyt
(54,770 posts)3. Back to protected, but crappy American cars.
spanone
(135,873 posts)4. trump appears intent on destroying our present economic system.
he's intensely unqualified for anything.
beachbum bob
(10,437 posts)5. another tax on the american people AND lost jobs
trump is truly a fuckin moron