EU reinforces that it will retaliate if U.S. raises auto tariffs

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EU reinforces that it will retaliate if U.S. raises auto tariffs GlobeBusiness

Then-EU deputy chief Brexit negotiator Sabine Weyand leaves a meeting of EU national ambassadors in Brussels on Nov. 14, 2018.The European Union is keen to work with Washington to reform the World Trade Organization and cooperate on common challenges to global trade, but will retaliate if Washington makes good on its threat to raise car tariffs, a top EU official said on Monday.

“It is natural that friends sometimes disagree with each other, but this is something else. There are real threats elsewhere, yet we find ourselves in a morale-sucking, growth-slowing series of skirmishes. We have to overcome this,” she told a Centre for Strategic and International Studies event. Negotiators for Brussels and Washington who have been meeting since U.S. President Donald Trump and then European Commission President Jean-Claude Juncker agreed to a truce a year ago, were making progress on certain issues, Weyand said.

 

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