This is a new move that could further tighten trade relations between the US and the EU, especially in the automotive sector.
We are streaming Trump’s announcement in its entirety.
“I am pleased to announce that, due to the fact that the European Union is not honoring our fully negotiated trade agreement, next week I will increase the tariffs we charge the European Union on cars and trucks entering the United States. The tariff will be increased to 25 percent.
It is absolutely clear and agreed that if they manufacture cars and trucks in US facilities, there will be no tariffs.
A large number of car and truck factories are currently being built, with investments exceeding 100 billion dollars, which is a record for car and truck production.
Those factories, where American workers work, will soon be opened – nothing like what is happening in America has ever happened before!
Thank you for your attention on this matter,” Trump said.
(Vijesti.ba)
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