Trump threatens big tariffs on car imports from EU if no trade deal struck - CNBC




  • In Politics
  • 2020-01-22 11:57:45Z
  • By Reuters
2020 World Economic Forum in Davos
2020 World Economic Forum in Davos  

DAVOS, Switzerland (Reuters) - U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal.

Trump has previously made threats to place duties on European automobile imports, with the intent of receiving better terms in the U.S.-Europe trade relationship. Trump has delayed imposing the tariffs a number of times.

"I met with the new head of the European Commission, who's terrific. And I had a great talk. But I said, 'look, if we don't get something, I'm going to have to take action' and the action will be very high tariffs on their cars and on other things that come into our country," Trump told CNBC's Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland.

Former German Defence Minister Ursula von der Leyen succeeded Jean-Claude Juncker at the end of 2019 as the EU's top official, becoming the first woman to hold the post.

The United States has also threatened duties of up to 100% on French goods, from champagne to handbags, because of a digital services tax that Washington says harms U.S. tech companies.

Trump told CNBC that the European Union had to make a deal on trade. "They have no choice," Trump said.

In a separate interview in Davos with Fox Business News, Trump said the tariffs on EU cars could amount to 25%.

"Ultimately it will be very easy because if we can't make a deal, we'll have to put 25% tariffs on their cars," Trump told Fox Business' Maria Bartiromo in an interview https://www.foxbusiness.com/politics/trump-says-tax-cuts-health-care-and-trade-deals-are-ahead.

The United States struck a Phase 1 trade deal with China in January, soothing some of the worries which have hampered the world economy in recent time.

Asked if a trade pact with Britain could come next, Trump told CNBC he was ready to make a deal with British Prime Minister Boris Johnson.

"Boris and I are friends, and he wants to make a deal, and that's ok with me," he said.

Britain is due to leave the EU at the end of January, the Johnson has stated that one of the main advantages of being outside the bloc would be the ability for Britain to negotiate its own trade deals, including with the United States.

"We're starting. We've already started negotiating" with Britain, Trump said.


(Writing by Toby Chopra; Editing by Jon Boyle)

COMMENTS

More Related News

Barr mulls resigning over Trump
Barr mulls resigning over Trump's tweets: Sources
  • US
  • 2020-02-19 03:38:00Z

Just hours after President Donald Trump openly defied his public pleas to stop tweeting about criminal matters in the Justice Department, Attorney General Bill Barr told people close to Trump Tuesday that he is considering resigning over the tweets that Barr had previously said make it "impossible" to

AP source: Barr tells people he might quit over Trump tweets
AP source: Barr tells people he might quit over Trump tweets
  • World
  • 2020-02-19 02:52:00Z

Attorney General William Barr has told people close to him he's considering quitting his post after President Donald Trump wouldn't heed his warning to stop tweeting about Justice Department cases, an administration official told The Associated Press. The revelation came days after Barr took a public swipe at the president, saying in a television interview that Trump's tweets about Justice Department cases and staffers make it "impossible" for him to do his job. The next day, Trump ignored Barr's request and insisted that he has the "legal right" to intervene in criminal cases and sidestep the Justice Department's historical independence.

Trump says he
Trump says he's commuted the sentence of former Illinois Gov. Rod Blagojevich
  • US
  • 2020-02-18 18:48:00Z

President Donald Trump has commuted the sentence of former Illinois Gov. Rod Blagojevich. Blagojevich, a Democrat, was convicted in 2011 by a federal jury in Chicago on 17 counts, including an attempt to sell the U.S. Senate seat vacated when President Barack Obama was elected in 2008.

Pelosi Objects to CNN Anchor
Pelosi Objects to CNN Anchor's Claim That Trump Was Acquitted in Impeachment Trial

House Speaker Nancy Pelosi (D., Calif.) interjected during an interview Saturday to make the case that President Trump was not acquitted from impeachment because his Senate trial lacked additional witnesses and documents demanded by Senate Democrats."You can't have an acquittal unless you have a trial, and you can't have a trial unless you have witnesses and documents - so he can say he's acquitted, and the headlines can say 'acquitted,' but he's impeached forever: branded with that, and not vindicated," Pelosi argued.> His enablers in Washington may have chosen to betray their oath of impartial justice and cover up his abuses of power, but the fact remains: The President is impeached...

Trump
Trump's campaign manager deletes photo of Air Force One at Daytona 500 after users point out it was from 2004

The photo was of President George W. Bush's departure from the Daytona 500 in 2004, Twitter users pointed out. Brad Parscale later posted a new photo.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Politics