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Tue May 14, 2019, 12:43 AM

EU Prepping Response to Possible Trump Auto Tariffs: Official

BY NIV ELIS - 05/13/19 01:55 PM EDT 106

European Union trade chief Cecilia Malmstrom says Brussels is finalizing a list of U.S. goods to target should President Trump put in place new tariffs on vehicles by the May 18 deadline.

“We are already preparing a list of possible items that would be on that list,” Malmstrom said in a Monday interview with Bloomberg Television.

“The moment this is official — if this happens, I still hope it won’t — then we would publish that list,” she added.

A trade war between the U.S. and EU last year flared up after President Trump imposed steel and aluminum tariffs on Europe and a variety of other close trade partners. The EU retaliated, targeting products in politically sensitive states, such as Harley Davidson motorcycles in Wisconsin and bourbon in Kentucky.

The sides agreed to hold their fire last summer and work toward an agreement, but the Trump administration has paved the way to new auto tariffs on the EU and other trade partners, which could reignite the trade war.

The Europen response would target 20 billion euros, about $22.5 billion, worth of U.S. goods, according to Bloomberg.

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https://thehill.com/policy/finance/443413-eu-prepping-response-to-possible-trump-auto-tariffs-official

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Reply EU Prepping Response to Possible Trump Auto Tariffs: Official (Original post)
RCW2014 May 14 OP
foia May 14 #1

Response to RCW2014 (Original post)

Tue May 14, 2019, 01:41 AM

1. I'm glad that we finally have a president who isn't a pushover on trade.

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