EU Threatens Retaliation Over Proposed Auto Tariffs

The Associated Press reports:

The European Union warned U.S. President Donald Trump Monday that the bloc will step back from a commitment to buy more American soybeans and liquid gas if European cars are hit with punitive tariffs.

The U.S. Commerce Department is expected issue its guidance on whether auto imports endanger U.S. national security enough to justify import taxes, giving Trump 90 days to decide whether to impose them.

EU Commission President Jean-Claude Juncker said that during a summit in Washington last summer, Trump promised not to damage trans-Atlantic trade with such measures.

EU threatens “swift and adequate” action if Trump imposes tariffs on imported cars https://t.co/TTbRiMxIVc pic.twitter.com/ZJmhvYValW

— The Hill (@thehill) February 18, 2019

U.S. tariffs on EU cars could mean EU buying less U.S. soya beans and gas: Juncker https://t.co/V1CHb3MQtZ pic.twitter.com/C9CqYOCBfk

— Reuters Top News (@Reuters) February 18, 2019