EU prepping response to possible Trump auto tariffs: official

[left-of-center2012]

Source: The Hill

European Union trade chief Cecilia Malmstrom says Brussels is finalizing a list of U.S. goods to target should President Trump put in place new tariffs on vehicles by the May 18 deadline.

“We are already preparing a list of possible items that would be on that list,” EU trade chief Cecilia Malmstrom said in a Monday interview with Bloomberg Television.

A trade war between the U.S. and E.U. last year flared up after President Trump imposed steel and aluminum tariffs on Europe and a variety of other close trade partners. The E.U. retaliated, targeting products in politically sensitive states, such as Harley Davidson motorcycles in Wisconsin and Bourbon in Kentucky.

The Trump administration has paved the way to new auto tariffs on the E.U. and other trade partners, which could reignite the trade war. The Europen response would target about $22.5 billion worth of U.S. goods, according to Bloomberg.

Read more: https://thehill.com/policy/finance/443413-eu-prepping-response-to-possible-trump-auto-tariffs-official

[burrowowl]

1. The rest of the world together can get along

without the U$ofA.