EU’s Ready Retaliation For U.S. Auto Tariffs Bode Ill For Trade Talks Success — Panjiva
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EU’s Ready Retaliation For U.S. Auto Tariffs Bode Ill For Trade Talks Success

Cons. Discr. - Apparel 214 Cons. Discr. - Autos 661 European Union 406 Industrials - Capital Goods 265 Trade Deals 702 U.S. 3297

EU Trade Commissioner Cecilia Malmstrom has stated that proposed trade talks with the U.S. will only be a limited deal “on industrial goods only”. Should the U.S. apply automotive tariffs – as President Donald Trump has repeatedly threatened to do if a deal is not reached – the EU is already putting together a list of “rebalancing measures”. These could cover a similar value of products, or similar value of tariffs on a different set of products. EU exports of cars and parts to the U.S. in the 12 months to Nov. 30 were worth $63.7 billion. Press reports suggest re...

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