The European Union car industry is supportive of the tariff move, officials in Brussels told FT. The sector fears that Trump will make good on his threat to impose tariffs after complaining that Europeans “don’t buy our cars, they don’t take our farm products, they take almost nothing and we take everything from them”. Additionally, the tariffs would also apply to China and other countries under WTO rules. “We have bound tariffs for cars at the WTO at 10 percent, but let’s say, to show the world we have fair relations, it might be possible to reduce them”, said Lange.

I think it's good that the European Union supports tariffs on cars to achieve fairer trade relations with other countries.2 $DEGEN

✅ 2 tipped ∙ 637 remaining

212 / 849 (25%)
🟩🟩⬜⬜⬜⬜⬜⬜⬜⬜