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Trade War Heats Up as EU Vows to Retaliate on U.S. Auto Tariffs

Published by Yahoo on Tue, 19 Feb 2019


If European exports are hit by U.S. actions, the EU will 'react in a swift and adequate manner,' Margaritis Schinas, a spokesman for the European Commission, told reporters in Brussels on Monday -- a day after President Donald Trump received a report on the national-security implications posed by auto imports. The EU has prepared tariffs on a total of 20 billion euros ($23 billion) in U.S. goods should Trump follow through on his threat, which would chiefly hit Germany.
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