5 years ago
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Car Tariffs? Europe Is Ready to Retaliate as Trade Dispute Grows
The European Union says it will continue a tit-for-tat escalation in its trade dispute with the U.S. while countering President Donald Trump’s assertion that the U.S. is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted Saturday that if Trump applies new tariffs to European cars, as he threatened this week, the bloc “again, would have no choice but to react.”
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Well how about Europe reduce it's 10% import tax on American cars to the 2.5% the US imposes on European cars. That would be one way to react, dontcha think?