Trump threatens 20% tariff on EU car imports
President Donald Trump on Friday threatened to impose a 20 % tariff on all US imports of European Union-assembled car.
The decision came after the EU's reprisals against US tariffs on European steel and aluminum took effect. The US President claimed that if European tariffs and barriers are not soon broken down and removed, a 20% tariff will be placed on all of EU cars coming into the US. The US currently charges a 2.5% duty on cars imported from Europe and 25% on imported light trucks.
The EU imposes a 10% tariff on imported US cars. The EU's retaliatory tariffs on US products including tobacco, bourbon, jeans, motorbikes, took effect Friday.