EU warns auto tariffs could lead to $ 300 billion retaliation – Economy



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Brussels, 02 – The European Union (EU) has criticized the administration of US President Donald Trump for considering tariffs on car imports, saying that they could lead to retaliation against $ 300 billion worth of goods

European Commission spokeswoman Margaritis Schinas said Monday that the possibility of car rates "lacks legitimacy, factual basis and violates the rules of international trade" as well Northern tariffs

The EU asked if motor vehicle imports were a sufficient threat to national security to justify tariffs and to estimate the impact economic. Trump cited national security concerns to apply past rates. The EU, Mexico, Canada, Turkey and India have introduced taxes on US products in retaliation.

Schinas said that European carmakers create more than half a million jobs in the United States. Source: Associated Press

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