EU will respond in kind if U.S. imposes car tariffs: Juncker

Home Investment EU will respond in kind if U.S. imposes car tariffs: Juncker
EU will respond in kind if U.S. imposes car tariffs: Juncker

© Reuters. European Commission President Jean-Claude Juncker chairs the Annual Seminar of the European Commission College in Genval

BERLIN (Reuters) – 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."

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.