1/22, 11:47 AM (Source: TeleTrader)
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Trump threatens with 25% duty on EU cars if no trade deal

United States President Donald Trump threatened to impose a tariff of 25% on cars imported from the European Union unless a trade agreement is reached with the bloc.

"Ultimately, it will be very easy because if we can't make a deal, we'll have to put 25 percent tariffs on their cars," Trump said on the sidelines of the World Economic Forum Conference in Davos. He reiterated his view that Brussels is "tougher to deal with than anybody" and that 'they've taken advantage of our country for many years."

Breaking the News / NI