European Union delivers stark warning to United States over auto tariffs

European Union delivers stark warning to United States over auto tariffs

The documents submitted to the Commerce Department also said that tariffs on cars and vehicle parts could undermine auto production in the United States by creating higher costs for US manufacturers.

Speaking to host Maria Bartiromo on Sunday Morning Futures, Trump said this when asked if he'd consider working with USA allies to combat China's trade policies: "The European Union is possibly as bad as China, just smaller".

"The European Union is possibly as bad as China, just smaller", President Trump replied to Bartiromo.

Tom Donohue, President of US chamber of Commerce, gestures during an interview with Reuters in Mexico City, Mexico April 23, 2017.

Along with the tariff threats, the European Commission is also believed to have warned Trump that his behaviour could "result in yet another disregard of global law" by the United States and said that any auto tariffs would "damage further the reputation" of the country.

The U.S. Chamber of Commerce, usually a staunch ally of the Republican party, is launching a campaign against President Donald Trump's recent trade tariff policies, Reuters reported Monday.

About $75 billion of US exports have been subjected to retaliatory tariffs since Trump's administration began imposing them, stirring concern of a potential trade war.

The EU's letter reportedly said the bloc had not yet decided on countermeasures to any new auto tariffs but said it was "likely" to apply them to "a significant volume of trade" in the event Trump imposed such tariffs.

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According to the Reuters news agency, the US Chamber of Commerce declared that his efforts to counter trade imbalances would prove counterproductive as they would damage the spending power of businesses and consumers alike.

Officials in Brussels stressed that European car-makers account for up to 26-percent of US automotive output.

The president announced 25 percent import tariffs on hundreds of Chinese products to pressure the country to alter its practices.

The chamber found that USA exports will face billions of dollars in retaliatory tariffs.

The Caixin/Markit Manufacturing Purchasing Managers' Index fell slightly in June in China to 51 as new export orders dropped for the third month in a row.

Trump has attacked the legendary Harley-Davidson motorcycle company, warning "we won't forget" after the firm said it planned to shift some manufacturing offshore due to European Union tariffs.

Tariffs our government has placed on American goods are now in effect, in response to levies the Trump administration has placed on Canadian products.

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