EU will respond in kind if U.S. imposes car tariffs-Juncker
European Commission President Jean-Claude Juncker said he hoped a July "ceasefire agreement" with U.S. President Donald Trump to refrain from imposing car tariffs would prevail, but the EU would impose its own tariffs if the U.S. changed course.
Trump rejected an EU offer to eliminate tariffs on cars and said the EU's trade policies are "almost as bad as China," Bloomberg News reported on Thursday.
Juncker told German broadcaster ZDF on Friday that the EU would not let anyone determine its trade policies. If Washington violated the deal and imposed auto tariffs, he said, "then we will also do that."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
-
EU Firms Rethink Supply Chains as Geopolitical Risks Reshape Global Trade
-
Trade War Chessboard: Agriculture, Energy, and Rare Earths in Focus
-
Trump and Xi Set for High-Stakes Summit: Trade, Taiwan, and Technology in Focus
-
US Tariff Announcement Delay Amidst Xi-Trump Summit
-
India Defends Energy Policy Amidst Rising Tariff Threats from U.S.
Google News