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Written by Paul Horrell
The President of the US has again ramped up his bellicose rhetoric on a trade sanctions war with Europe. As he"s threatened before, he has cars in his sights. He tweeted last weekend: "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. They make it impossible for our cars (and more) to sell there. Big trade imbalance!" I"m not sure what barriers Donald Trump is referring to. Tariffs on US cars sold in Europe are only ten per cent, and no more than they are on cars from Japan or Korea.
Date written: 7 Mar 2018
More of this article on the Top gear website
ID: 11106
The President of the US has again ramped up his bellicose rhetoric on a trade sanctions war with Europe. As he"s threatened before, he has cars in his sights. He tweeted last weekend: "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. They make it impossible for our cars (and more) to sell there. Big trade imbalance!" I"m not sure what barriers Donald Trump is referring to. Tariffs on US cars sold in Europe are only ten per cent, and no more than they are on cars from Japan or Korea.
Date written: 7 Mar 2018
More of this article on the Top gear website
ID: 11106