U.S. President Donald Trump said on Wednesday that European leaders were coming to Washington next week to try to hammer out a deal focused largely on car tariffs, while his top economic adviser accused Chinese President Xi Jinping of holding up a U.S.-China trade deal, Icmal.Az reports quoting Reuters.
Trump, speaking to reporters at the White House, said that European Commission President Jean-Claude Juncker’s visit will discuss car tariffs, which he cited as "the big one” among U.S.-EU trade irritants.
Trump considers the EU’s 10 percent tariff on cars to be unfair compared to the U.S. 2.5 percent tariff, although the United States maintains a 25 percent tariff on pickup trucks.
"They’re going to be coming on July 25th to negotiate with us. We said if we don’t negotiate something fair, then we have tremendous retribution. Which we don’t want to use, but we have tremendous powers,” Trump said.
Trump has threatened to levy higher tariffs, as much as 25 percent on imported cars, and his Commerce secretary, Wilbur Ross, is conducting a study on whether vehicle and parts imports threaten national security.
Icmal.Az
