WORLD EU warns it will retaliate if the US imposes auto tariffs

WORLD

EU warns it will retaliate if the US imposes auto tariffs

AFP

17:25, July 19, 2018

The European Union will retaliate if US President Donald Trump imposes "disastrous" tariffs on automobilies, EU trade commissioner Cecilia Malmstrom warned Thursday.

"We are preparing a list of rebalancing measures," Malmstrom said, as Washington studies imposing duties on cars following its tariffs on aluminium and steel.

"The world is undeniably facing challenges as a result of global overcapacity (on metals) but similar moves on cars would be disastrous," she added. 

VCG4179253815.jpg

(Photo: VCG)

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue