Trump's Steel Tariffs
Washington:US President Donald Trump has stepped up his war of words over trade Tariffs, threatening to "Apply a tax" on imports of cars from the European Union.
Donald Trump said other countries had taken advantage of the US for years because of its "very stupid" trade deals.
The trade wrangle began when Donald Trump vowed to impose hefty tariffs on steel and Aluminium imports that brought a stiff response from trading partners and criticism from the IMF and WTO.
EU trade chiefs have reportedly been considering slapping 25% tariffs on around 3.5 billion dollars of imports from the US, following trump's proposal of a 25% tariff on imported steel and 10% on Aluminium.
In a tweet, US President said if the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a tax on their cars which freely pour into the US. APP/AFP