US President Donald Trump said he will impose tariffs on imports of EU cars if the bloc does not remove its trade barriers. These barriers have been partially increased following Mr Trump's adoption of levies on EU metals imports
resident Donald Trump has fueled trade war fears by pledging to impose tariffs of 20pc on imports of EU cars if trade barriers are not "broken down".
The EU on Friday brought into force extra taxes on flagship US goods such as Kentucky whiskey, Levi Jeans, and Harley Davidson motorcycles in response to Mr Trump's levies of 25pc on steel and 10pc on aluminium imports.
This latest tit-for-tat step marks a further stage of escalation in the mounting trade war between the US, its closest allies and China since Mr Trump ignited a trade conflict with metals levies.
Mr Trump's statement on social media platform Twitter threatens to add to his lengthening list of import taxes on hundreds of billions...