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Trump revives trade battle with Europe with threat to cars


Added 01-22-20 12:04:02pm EST - “US President Donald Trump, fresh from calling a trade truce with China, threatened on Wednesday to impose crippling tariffs on European autos unless the EU budges on a transatlantic deal. The European Union talked up hopes for such…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Trump revives trade battle with Europe with threat to cars”. Below is an excerpt from the article.

Davos (Switzerland) (AFP) - US President Donald Trump, fresh from calling a trade truce with China, threatened on Wednesday to impose crippling tariffs on European autos unless the EU budges on a transatlantic deal.

The European Union talked up hopes for such an accord, while France signalled progress in a row over a new tax that seeks a fairer share of the titanic profits amassed by US tech companies.

Britain, however, vowed to press ahead with its own digital tax targeting the likes of Amazon, Facebook and Google, despite the potential impact on its hopes of forging a trade deal with the United States as it exits the EU.

Trump, attending the World Economic Forum in Davos as his Senate impeachment trial unfolds back home, revived a long-running offensive against the EU a day after dismissing climate campaigners as "prophets of doom".

"The European Union is tougher to deal with than anybody. They've taken advantage of our country for many years," Trump told Fox Business News.

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