Trump threatens tax on European cars
The US president took to Twitter Saturday to criticize current US trade policy, citing a "big trade imbalance;" in particular, he said that cars produced in Europe "freely pour" into the US as the European Union imposes "massive tariffs and barriers" on American companies, adding that Washington will introduce taxes on European products if such policies persist.
In a separate tweet, Trump wrote that jobs and wealth of the United States have been given to other countries, noting that Washington has an annual trade deficit of $800 Billion.
This comes following Thursday's commentary, where Trump said that the United States had been treated unfairly by other states in bilateral trade and would therefore be introducing a 25 percent import tariff on steel and a 10 percent tariff on aluminum to address the issue beginning next week.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment