Here We Go Again: EU Will Hit Back If U.S. Imposes Car Tariffs

[rainman + 263]

The European Union will respond with countermeasures if the United States imposes tariffs on its cars, the bloc’s trade commissioner told Germany’s Die Zeit weekly on Wednesday. “Then we will hit back, we can very quickly put together a long list of countermeasures that conform to World Trade Organisation rules,” Cecilia Malmstrom told the paper, adding the list could include cars, farming products and machinery. Meanwhile, German Economy Minister Peter Altmaier pledged to shield his country’s auto industry from a trade war with the U.S. amid signs that President Donald Trump will hold off for now on car tariffs. “We don’t know what decision the president will take but we will do everything to avoid an escalation,” Altmaier said Wednesday in a speech in Berlin. A Commerce Department probe into whether to slap levies on cars, vans and light trucks as well as car parts will be concluded soon, and talks between the U.S. and the European Union are in a “decisive phase,” he said.

[pinto + 293]

Hit back, I thought it was past tense...
 

[Pavel + 384]

Is this just Round 2? Break between next battle

[damirUSBiH + 327]

Here is a part of list of German companies in the US and what they produce....

[ThunderBlade + 231]

"The European Union last year shipped 1.1 million cars to the U.S., led by Volkswagen AG brands Audi and Porsche, and BMW AG. The planned U.S. tariffs would hit autos and parts worth 58 billion euros ($65 billion), the European Commission said in June, adding about 10,000 euros to the price of a European-built car."  Sometimes, things are going in wrong direction - in the middle of nowhere....

[50 shades of black + 254]

Global interest has to support peace and cooperation, close trade, ease of movement but global interest cannot be supremation or non/dialogue between ally and friendly countries. One way street will lead to disaster.

[ronwagn + 6,290]

13 hours ago, 50 shades of black said:

Global interest has to support peace and cooperation, close trade, ease of movement but global interest cannot be supremation or non/dialogue between ally and friendly countries. One way street will lead to disaster.

With China, our negotiations have, in the past, led to a one way street in our import/export balances. Time to even things up!