PressTV-Trump threatens EU car makers with high tariffs

US President Donald Trump has threatened to slap auto makers from the European Union with steep tariffs, further intensifying a looming global battle with American trading partners prompted by the newly declared 25-percent US tariffs on imported steel and aluminum.

In a series of tweets from his Mar-a-Lago resort in Florida on Saturday, Trump appeared to respond to warnings by European leaders about retaliatory measures against the sudden pronouncement of metal imports, citing a “big imbalance” in the EU-US trade to insist that if the bloc went ahead with the vow of imposing punitive taxes on American products, Washington would hit back against European car exports.

“If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a tax on their cars which freely pour into the US,” he said.

Trump further renewed his criticism of American trade policy, insisting that…

Read more