Saturday, June 23, 2018

EU Mulling Reciprocal Measures Against US Car Import Tariffs

EU Mulling Reciprocal Measures Against US Car Import Tariffs
The imposition of US tariffs on European Union vehicles and car parts could effect $300 billion in trade, and impact nearly all of the EU's member states, Bloomberg reported on Friday, citing the European Commission report obtained by the news agency.

According to the EC's report, cited by Bloomberg, "an introduction of US tariffs would be met with equivalent penalties imposed by affected trading partners."

On Friday, US President Donald Trump threatened EU in a statement that the US would introduce a 20 percent levy on all cars imported from the European Union unless the import duties and trade barriers are removed.
  [sputniknews.com]
 23/6/18

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