Trump Threatens Tax on European Cars If EU Raises Tariffs on US Companies
SputnikNews.com
03.03.2018
MOSCOW (Sputnik) – US President Donald Trump on Saturday threatened to impose a tax on European cars if the European Union raised tariffs or introduced new barriers to the US companies doing business in Europe.
The US president has taken to Twitter to critcize the US trade policies citing “big trade imbalance;” in particular, he said that cars produced in Europe “freely pour” into the US as the European Union imposes “massive tariffs and barriers” on American companies, adding that Washington will introduce tazes on European products if such policies persist.
In a separate tweet, said that jobs and wealth of the United States have been given to other countries, saying that Washington has an annual trade defficit of $800 Billion.
This comes as on Thursday Trump said the United States had been treated unfairly by other states in bilateral trade and would therefore introduce next week 25 percent import tariffs on steel and 10 percent tariffs on aluminum to address the issue.
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