EU warns US of serious retaliation for imposing car tariffs

(19459015) The EU warned Monday the United States against the devastating consequences for the US economy if Washington imposed tariffs on the import of vehicles foreigners.

This European warning was made in a particular context after the US President Donald Trump accused the EU Sunday of being "probably as bad as China" in the commercial sector .

On June 22, Trump threatened to impose a 20% tariff on vehicles imported from the EU by United States .

With this, the trustee tried to replicate the entry into force of the additional tariffs imposed by Europe on dozens of US products. This European measure was a retaliation for the 25% tariffs on steel and 10% on the aluminum that Washington imposed on these products exported by some countries of the world, some of them allied with the United States. United States.

Nearly 20% 19659012] According to the EU, the United States may suffer retaliation from its trading partners that could affect US products for $ 294 billion if Trump meets his threat of Impose a fee on foreign vehicles

In a letter to the US authorities, the European Commission considers that retaliatory measures taken by the EU and other trading partners in Washington could affect this amount of US goods, or 19% of total US exports. 2017.

In this text, the Commission ensures that "economic badyzes confirm that an increase in tariffs for these products will hurt everyone, especially the US economy." [19659007] The EU nevertheless recalls that European car manufacturers have made a significant contribution to the US economy and that they are "well established" in the United States, with around 2.9 million vehicles in 2017

A few hours before the EU issued this warning, Trump compared the EU's trade practices with those of China during an interview published on Sunday.

but "minor"

"The European Union is perhaps as bad as China only minor," said Trump in Fox News's "Sunday Morning Futures." a trade surplus of $ 151 billion last year. Because we have a deficit with the European Union and, moreover, we are spending a fortune in NATO to protect them. "

In this context, the President of the European Commission, Jean-Claude Juncker, will visit Washington before

" I am going to Washington to present the vision of the Europeans, "Mr. Juncker told the audience. issue of a European summit last week in Brussels

"

" The European Union was created, of course, to take advantage of member states, "he declared

Trump has has increased its attacks against the EU in recent months, denouncing unfair trade practices, particularly in the automotive sector. United States, "the US president told North Dakota late last month.