WASHINGTON - US President Donald Trump has threatened to impose a hefty import duty on European cars if the European Union retaliates against his steep tariffs on aluminium and steel.
Earlier this week, Trump officially announced tariffs of 25 per cent on steel and 10 per cent on aluminium, despite major opposition from his own party, triggering a possible trade war with China and Europe.
The EU threatened an “arsenal” of retaliatory measures when the tariffs were first proposed, including imposing import tariffs on products made in red districts.
Trump threatened to tax European-made cars if they retaliated against the aluminium and steel tariffs with <link>with their own taxes like Harley Davidson motorcycles, bourbon and blue jeans.
“The European Union, wonderful countries who treat the US very badly on trade, are complaining about the tariffs on steel and aluminium,” Trump said in a tweet Saturday.
“If they drop their horrific barriers and tariffs on US products going in, we will likewise drop ours. Big deficit. If not, we tax cars etc. FAIR!” Trump said in a tweet.
During a joint White House news conference with visiting Swedish Prime Minister Stefan Lofven, the European Union has been particularly tough on the US.