#BiGTariffsOnCarImports; #EU; #TradeDeal; #Davos; TrumpInDavos
Davos (Switzerland), Jan 22 (Canadian-Media): A threat was made by U.S. President Donald Trump on Wednesday in Davos, where he is attending the annual gathering of world business owners, to impose high tariffs on imports of cars from the European Union (EU) if a trade deal is not struck, media reports said.
Donald Trump/Facebook Page
"Ultimately it will be very easy because if we can't make a deal, we'll have to put 25 per cent tariffs on their cars," Trump told Fox Business' Maria Bartiromo in an interview.
The European Union is as strong economically as the United States, and will respond to any additional U.S. tariffs “in the same dimension,” Germany’s ambassador to the United States, Emily Haber said at an event in Washington.
“An escalation of the tariffs is not to the benefit of anyone,” said Mike Manley, the head of European car industry lobby group ACEA