EU to Hit US With 35 Billion-Euro Duties If US Tariffs Cars, Says Trade Chief | WHAT REALLY HAPPENED

EU to Hit US With 35 Billion-Euro Duties If US Tariffs Cars, Says Trade Chief

Since the election of Donald Trump in 2016, the US government has followed a policy of attempting to reverse the alleged disproportionate levels of trade towards partners such as China, Japan, and the European Union.

The European Union has revealed its counter-plan to potential tariffs on EU cars put up by the United States; an imposition of extra duties of up to 35 billion euros ($39.1 billion) worth of US goods.

European Trade Commissioner Cecilia Malmstrom told a committee of the European Parliament on Tuesday that “we will not accept any managed trade, quotas or voluntary export restraints and, if there were to be tariffs, we would have a rebalancing list.”

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