(Marine Strauss – Bloomberg)
Hours after European Union trade chief Cecilia Malmstrom said she had “no immediate clarity” on whether the bloc will be let off the hook from planned U.S. tariffs, President Donald Trump laid down his conditions and repeated a threat if they’re not met.
“The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum,” he wrote on Twitter. “If they drop their horrific barriers & tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR!"
Trump’s response came after Malmstrom on Twitter described what she called “frank” but fruitless talks with U.S. Trade Representative Robert Lighthizer in Brussels on Saturday. Click here to read more.
- U.S. Allies Line Up For Exemptions From Trump’s Aluminum, Steel Tariffs (Reuters)
- Trump Sharpens Trade Row, Threatening to Tax German Cars (Euractiv)
- Trump Targets European Car-Makers With Big Plants in States He Won (Politico)