Report: EU to React Quickly if Trump Imposes Tariffs
Feb. 19, 2019
A confidential U.S. Commerce Department report sent to Donald Trump recently is expected to clear the way for him to threaten tariffs of up to 25 percent on imported autos and auto parts.
Feb. 19, 2019—A confidential U.S. Commerce Department report sent to President Donald Trump over the weekend is widely expected to clear the way for him to threaten tariffs of up to 25 percent on imported autos and auto parts by designating the imports a national security threat, reported CNBC.
European Commission President Jean-Claude Juncker added if Trump imposed tariffs on European cars nonetheless, the EU would react immediately and not feel obliged to stick to its promise to buy more soybeans and liquefied gas from the United States, according to the report.
The contents of the U.S. report are expected to remain classified while Trump considers its recommendations.
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