EU warns of brand new tariffs worth $300 billion if Trump targets automakers

The written submission sent by the EU also highlighted that will European-owned car brands represented more than a quarter of U.S. car production. the item added that will This specific was mainly focused on exportation in addition to any tariffs would likely fragment markets, raise prices for the American consumer in addition to potentially lead to job losses.

Speaking to Fox News over the weekend, Trump said that will the EU can be “possibly as bad as China, just smaller” when speaking on trade deficits with various other countries. He added: “the item can be terrible what they do to us.”

Read the full Financial Times article here.

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