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7/2/18

EU warns Trump: Auto tariffs could lead to $300B retaliation - by Lorne Cook

The European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in U.S. goods amid signs of a brewing trade war.

European Commission spokesman Margaritis Schinas said the U.S. investigation into the possibility of auto tariffs “lacks legitimacy, factual basis and violates international trade rules,” just like last month’s U.S. tariffs on steel and aluminum imports.

The EU sent comments to the U.S. for consideration in the Department of Commerce investigation into whether auto imports pose enough of a threat to U.S. national security to justify tariffs and estimating the economic impact.

President Donald Trump cited national security concerns for the previous tariffs. The EU, which described the move as “pure protectionism,” introduced duties on U.S. products in return, as did Mexico, Canada, Turkey and India.

Read more: EU warns Trump: Auto tariffs could lead to $300B retaliation | Times Leader

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