The Financial Express

Trump threatens 20pc tariff on EU cars

| Updated: June 24, 2018 12:06:52

Trump threatens 20pc tariff on EU cars

US President Donald Trump threatened to impose a 20 per cent tariff on all European Union (EU)-assembled cars coming into the United States.

The threat came a month after the administration launched an investigation into whether auto imports pose a national security threat, reports Reuters.

“If these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!” Trump wrote on Twitter Friday.

The US Commerce Department aims to wrap up its investigation into whether imports of automobiles and auto parts pose a risk to national security by late July or August, Commerce Secretary Wilbur Ross said Thursday.

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