Tuesday 19 March 2019

Trade battle: EU to retaliate if Trump targets European cars

The European Union has drawn up a list of retaliatory tariffs that will target companies including Caterpilla , Xerox and Samsonite if US President Donald Trump imposes duties on European cars, Bloomberg News reported yesterday. Stock photo: Bloomberg
The European Union has drawn up a list of retaliatory tariffs that will target companies including Caterpilla , Xerox and Samsonite if US President Donald Trump imposes duties on European cars, Bloomberg News reported yesterday. Stock photo: Bloomberg

Alexander Weber

The European Union has drawn up a list of retaliatory tariffs that will target companies including Caterpilla , Xerox and Samsonite if US President Donald Trump imposes duties on European cars, Bloomberg News reported yesterday.

Mr Trump, an avowed protectionist, has said the US will impose tariffs on European cars if it is unable to reach a trade deal with the EU.

A confidential report by the US Commerce Department sent to Trump last weekend was expected to pave the way for him to impose duties of up to 25pc on imported cars and parts by designating them as a threat to US national security.

Irish Independent

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