Trump Says Auto Tariffs Never Off Table with Europe
Aug. 6, 2019
President Donald Trump renewed his threat to impose tariffs on European automobiles if he does not see progress in negotiations with the U.S. and Europe.
August 6, 2019—President Donald Trump renewed his threat to impose tariffs on European automobiles if he does not see progress in negotiations with the U.S. and Europe, reports Euronews.
The president recently signed a deal to sell more U.S. beef to the EU. At the signing, he joked that he was working “on a 25 percent tariff on all Mercedes-Benz and BMWs coming into our nation,” then saying he was only kidding. President Trump said the threat of auto tariffs may have helped move Europe towards accepting the beef deal, but the tariffs still remain an option.
“Auto tariffs are never off the table,” Trump said. “If I don’t get what I want, I’ll have no choice but maybe to do that. But so far they’ve been very good.”
European Officials have said they are looking forward to working on reforming the World Trade Organization (WTO) with the U.S., but they would retaliate if the Trump Administration tried to raise car tariffs.
We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...
Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...