Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

US will hit EU cars if no good faith in trade talks, says Donald Trump

Reuters/Brussels 12 Jul 18 | 10:13 PM

US President Donald Trump Photo: Reuters

Donald Trump warned the European Union on Thursday that the United States would act to restrict entry for European cars if the bloc failed to treat his country fairly on trade.

Related Stories

    No Related Stories Found
Widgets Magazine

Trump, who is set to host European Commission President Jean-Claude Juncker in Washington this month, repeated his line that the EU was treating the United States unfairly on trade, shutting out US farmers.

ALSO READ: Donald Trump escalates China trade war with tariffs on $200-bn imports

“That’ll change also and I think we’ll see that because on the 25th of July they’re coming in to start negotiations with me. We’ll see," he told a news conference at the end of a meeting of NATO leaders.

ALSO READ: NATO summit: Donald Trump accuses Germany of being 'captive' of Russia

“And if they don’t negotiate in good faith we'll do something having to do with all the millions of cars that are coming into our country and being taxed at a virtually zero level, at a very low level... I think it’s been a very effective way of negotiating, but I’m not negotiating, I just want fairness for the United States," he said.

EU writes strong text against tariffs

European Union finance ministers are set to agree on Friday a joint position before a meeting with their counterparts at the G20 next week, in which they criticise "unilateral" US trade measures and back a firm response.

ALSO READ: US economic strength gives Donald Trump leeway in trade fight with China

EU ministers will also call for more global action on tax transparency and against money laundering, and will push for an international digital tax reform by 2020, according to a draft text that will form their mandate at the G20 meeting of finance ministers in Buenos Aires on July 19-22. “The EU promotes international cooperation to modernize the WTO," the EU draft text stated citing the World Trade Organisation.    Reuters

                

Widgets Magazine

Sensex

Company Price Gain (%)
Sun Pharma.Inds.559.902.72
Infosys1,348.352.42
Reliance Inds.1,128.552.23
ICICI Bank266.001.84
Axis Bank534.451.36

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine