Car Tariffs? Europe Is Ready to Retaliate as Trade Dispute Grows

The European Union says it will continue a tit-for-tat escalation in its trade dispute with the U.S. while countering President Donald Trump’s assertion that the U.S. is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted Saturday that if Trump applies new tariffs to European cars, as he threatened this week, the bloc “again, would have no choice but to react.”
Read more: https://www.bloomberg.com/news/articles/2018-06-23/car-tariffs-europe-is-ready-to-retaliate-as-trade-dispute-grows?source=Snapzu