Thursday, July 19, 2018

Trump Threatens EU with ‘Tremendous Retribution’ via Auto Tariffs



At a cabinet meeting on Wednesday, President Trump threatened “tremendous retribution” against the European Union, specifically mentioning auto tariffs, if his meeting with EU officials next week doesn’t yield what he considers a fair auto trade deal, reports the Wall Street Journal.

 A coalition of foreign and domestic auto companies, along with auto dealers and auto-parts makers, released a letter on Wednesday urging Trump to refrain from the tariffs. Also a bipartisan group of 149 House members also urged the president not to move forward with the tariffs.

But Trump is chomping at the bit and really once to impose auto tariffs.

 European Commission President Jean-Claude Juncker is scheduled to visit the White House next week on July 25.

-RW