http://money.cnn.com/2018/03/03/news/economy/trump-tariffs-cars-trade-war-europe/index.html
Trump on Thursday called for tariffs of 25% on steel imports and 10% on aluminum products, a move he said would bolster those industries domestically.
The announcement was met with strong criticism by international trading partners who said Trump's plan could spark a trade war. European Union officials said they would retaliate with new tariffs on U.S. goods, including Harley-Davidson motorbikes, bourbon whiskey and Levi's jeans.
Trump fired back in a tweet Saturday.
"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.," he wrote. "They make it impossible for our cars (and more) to sell there."
The U.S. imported more than 1.2 million European cars from brands like BMW and Volkswagen in 2016, the most recent year for which data is available, according to the European Automobile Manufacturers Association.
Note: Who capitalizes the first letters of Tax and Cars in a foolish tweet?
Trump on Thursday called for tariffs of 25% on steel imports and 10% on aluminum products, a move he said would bolster those industries domestically.
The announcement was met with strong criticism by international trading partners who said Trump's plan could spark a trade war. European Union officials said they would retaliate with new tariffs on U.S. goods, including Harley-Davidson motorbikes, bourbon whiskey and Levi's jeans.
Trump fired back in a tweet Saturday.
"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.," he wrote. "They make it impossible for our cars (and more) to sell there."
The U.S. imported more than 1.2 million European cars from brands like BMW and Volkswagen in 2016, the most recent year for which data is available, according to the European Automobile Manufacturers Association.
Note: Who capitalizes the first letters of Tax and Cars in a foolish tweet?
