Trump warns of auto tariffs if no EU trade dealStaff Writer |
America Trump said the administration has studied possible tariffs "very carefully&
U.S. President Donald Trump issued a stern ultimatum to the European Union on Wednesday, warning that if a comprehensive trade pact is not brokered, Washington will tax European car imports.
"If we don’t make the deal, we’ll do the tariffs," he said.
The comments follow Trump's receipt over the weekend of a study compiled by the Commerce Department that is widely expected to open the door for Trump to impose tariffs of up to 25 percent on European auto imports over alleged national security concerns.
Referring to the report, Trump said the administration has studied possible tariffs "very carefully".
"We’ve seen the results. But the bottom-line result is whether or not we can make a deal with the EU that’s fair," he said. "So we’ll see what happens." ■
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