Trade War: European Union prepares retaliation list for possible U.S. car tariffs

The European Union is preparing a list of counter-measures to potential U.S. tariffs on European cars, European Trade Commissioner Cecilia Malmstrom said on Thursday, adding she hoped an EU visit to Washington could help ease tensions.

"If the U.S. would impose these car tariffs that would be very unfortunate. We are preparing together with our member states a list of rebalancing measures there as well. And this we have made that clear to our American partners," Malmstrom told a conference hosted by the German Marshall Fund of the United States in Brussels.

"It is done in the same way as with steel and aluminium," she added.

EU Commission President Jean Claude Juncker, accompanied by Malmstrom, will visit U.S. President Donald Trump next week to discuss transatlantic trade.

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