European Union warns Trump's vehicle tariffs threaten $300 billion of United States exports

The European Union has claimed that Donald Trump's plans to impose higher import taxes on cars to the U.S. would harm his own country's economy.

Trump's threat was the latest salvo in an escalating trade war that saw the EU slap duties on US-made jeans and Harley Davidson motorcycles in a tit-for-tat response to U.S. tariffs on European steel and aluminium exports.

The Chamber, the nation's largest business lobbying group and a traditional ally of Trump's Republican Party, said the White House is risking a global trade war with its push to protect USA industry and workers with tariffs.

Europe is "possibly as bad as China" on trade, U.S. President Donald Trump said in an interview broadcast Sunday, with trade wars emerging against both the Asian giant as well as longtime allies in Europe and Canada.

But mounting trade tensions have opened a rift with the President.

Pushing back against Mr Trump, the chamber based a state-by-state analysis on data from the US Department of Commerce and government agencies in China, the EU, Mexico, and Canada. That same state, which flipped for Trump in 2016, is also expected to lose $624 million in soybean sales after China issued sweeping tariffs in response to Trump. It said that vehicle imports from Europe to the United States had grown at the same pace as demand from the U.S. market, showing that they were filling a gap that domestic output could not, rather than eating into domestic sales as Trump has suggested.

Samsung phones are sending photos to random contacts without permission
Samsung, meanwhile, did not immediately respond to PCMag's request for comment but told Gizmodo it's investigating. Speaking to Gizmodo , Samsung said it was aware of the issue and its technical teams were looking into it.


EU officials also said around 60-percent of USA -made cars of European brands are exported into third countries, which benefits the US economy.

Stocks on Wall Street were volatile as investors anxious about the mounting trade war between the U.S. and its trading partners.

Retaliation for his tariffs came swiftly. If EU countermeasures on automotive tariffs take the same approach as those on steel, they will amount to around €10 billion.

Previous year the European Union exported $43.6 billion worth of cars to the United States.

Harley-Davidson, which dominates the heavyweight United States motorcycle market, subsequently announced it would shift some USA production overseas to avoid higher costs for European Union customers.

"We'll spare no effort, be it at the technical or political level, to prevent this from happening", a spokesman for the Commission told reporters, adding that Commission President Jean-Claude Juncker's trip to Washington later this month would seek to stop any new United States tariffs. Trump slammed the company's move, saying it was tantamount to surrender, and threatened punitive taxes. Ottawa targeted American steel and aluminum as well as goods from politically sensitive regions like Florida orange juice and Kentucky bourbon.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Golden retriever shields owner from rattlesnake bite while hiking
Ms Godwin shared several images of Todd with a swollen face after the snake sunk its teeth just below his right eye. A dog taking a walk in the desert got a nasty surprise Friday morning when he was attacked by a rattlesnake.

Trump told what will speak with Putin
Asked whether the USA would recognize Russia's claim to Crimea, the president said: " We're going to have to see ". Asked about potentially lifting sanctions on Russia, Trump told reporters, " We'll see what Russia does".

Rift persists in German govt over migration
However Mrs Merkel has emphasised her willingness to corporate with the CSU in an interview with German broadcaster ZDF on Sunday. The German chancellor has previously said she would prefer fresh elections to ruling in a minority government.

Joachim Low to consider position after Germany's 'deserved' exit
It is historic". "After the Mexico match we had a long chat.He's very open to comments and highly self-critical". South Korean team returned home after a decent campaign at the FIFA World cup 2018.

The Woman Harassed by the Capital Gazette Shooter Felt ‘Traumatized and Terrorized’
The proclamation orders flags at the White House and other federal buildings and ships to be lowered until sunset Tuesday. Ramos pleaded guilty in July 2011 to harassment. 'At this point in time , it would start to polarize people, ' he said.

Israel in dilemma over thousands of Syrians fleeing fighting toward its borders
Regime and Russian strikes on other parts of Daraa on Saturday killed at least five civilians, the Observatory said. Ibrahim Jabawi, spokesman for the Syrian opposition, confirmed Anadolu Agency that a deal could not be reached.

Zlatan Ibrahimovic welcomes LeBron James to Los Angeles
James spent four season in Cleveland after winning two National Basketball Association championships with the Miami Heat . The massive Los Angeles market will also provide James with a grander platform for his philanthropy and social activism.

Kimi Raikkonen: Max Verstappen's lap one move was 'fair enough'
Bottas had to quit after 14 laps with a hydraulic defect to his gear box. Vowles owned up to his error as Mercedes attempted to settle Hamilton.

Casemiro Tells Brazil To Heed Warning Of Germany Exit
Cushions with what appeared to be a British flag design on them were also thrown in the direction of the team. Serbia and Costa Rica were eliminated from Group E.

Cartoon face robot travels to space
CIMON is capable of nodding in response to questions and will be able to zoom up to astronauts when being called by its name. Manfred Jaumann, the head of microgravity payloads at Airbus, described CIMON as "a kind of flying brain".

Amazon building network of delivery contractors
Amazon has used independent contractors in the past to handle packages, especially during busy holiday shopping periods. Recently, the company has come under fire from President Donald Trump who tweeted that Amazon should pay the U.S.

Kevin Durant To Sign 2-Year, $61.5M Deal With Warriors
They let McGee walk so they could nurture their young frontcourt talent, including Kevon Looney, Jordan Bell, and Damian Jones. Warriors general manager Bob Myers told reporters in mid-June he would offer Durant whatever contract he wanted.

Saudi Arabia persuaded to help offset high oil price
Russia, Iraq, the UAE and Kuwait jointly have another million barrels, so there is spare production of 3 million barrels a day. Trump's tweet offered no timeframe for the additional 2 million barrels - whether that meant per day or per month.

Russia's Win Over Spain 'Heroic'
Russia's approach was to sit deep and allow the ball to be caressed around in front of them at little more than walking pace. Pique, Ramos, David Silva, Costa and Sergio Busquets will be 33 or older. "The man of the match is our team - and our fans".

LeBron James agrees to four-year, $154 million deal with Lakers
LeBron James , pictured November 1, 2017 in Cleveland, left the Cleveland Cavaliers to sign with the Los Angeles Lakers . And while he has always been compared to Michael Jordan, Johnson is the one whose game more closely resembles his own.


More News

News
More News