Escalating Trade Fight, Trump Threatens Higher Taxes on European Cars [The New York Times]
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Source: The New York Times
Photo A mill of Salzgitter AG, a German steel producer. President Trump said on Thursday that he would impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from all countries. Credit Alexander Koerner/Getty Images WASHINGTON — President Trump warned on Saturday that he would apply higher taxes on imported European cars if the European Union carried through on its threat to retaliate against his proposed stiff new tariffs on steel and aluminum. “If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.,” Mr. Trump wrote on Twitter from Florida, where he was spending part of the weekend. “They make it impossible for our cars (and more) to sell there. Big trade imbalance!” It was the latest indication that Mr. Trump, despite pressure from foreign allies and Americ
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