Europe fears trade dispute escalation as US weighs auto tariffs

[DonViejo]

Source: Agence France-Presse



24 MAY 2018

The European Union and German automakers reacted with dismay Thursday after the US said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.

American Commerce Secretary Wilbur Ross on Wednesday said he had initiated an investigation into whether auto imports "are weakening our internal economy and may impair the national security."

The move came after President Donald Trump tweeted there was "big news coming soon for our great American autoworkers".

The European Union, which has been lobbying feverishly to remain exempt from US border taxes on steel and aluminium ahead of a June 1 deadline, expressed consternation at the latest White House announcement.



Read more: https://www.afp.com/en/news/23/europe-fears-trade-dispute-escalation-us-weighs-auto-tariffs-doc-15a4s45

[Wellstone ruled]

1. Let's be honest,

is this Putin's message toward Merkel and the Shift of Momentary shift to Eourpe ? Sure smells like it.

[The Mouth]

2. We should always and everywhere have recriprocity.

Whatever tariffs are put on any of our products is what we put on anything coming from that country.

Puts the entire onus on the: you want free trade, you got it, you want a trade war, we can do that too.

Terms of any such transaction should always be equal.