President Donald Trump threatened tariffs on European Union-made cars Friday, saying that he was willing to impose a 20% levy, citing barriers to American exports and the need for incentives to move production to the U.S.
“Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!” Mr. Trump wrote on Twitter Friday morning.
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