Tag: retaliation tariffs

• Thursday, November 29th 2018 - 09:23 UTC

  Trump favors imposing tariffs to protect US auto industry; EU ready to react with retaliation tariffs

  

  President Donald Trump on Wednesday indicated he favours imposing import tariffs to protect the US auto industry, which was rocked by this week's announcement of job cuts at General Motors. In two tweets, the president said that extending tariffs already in place for foreign-built small trucks to the car sector would help domestic manufacturers.