Europe Prepares for Retaliatory Tariffs

Bloomberg: “The European Union is finalizing a list of American goods to target with retaliatory tariffs in the event that U.S. President Donald Trump, who is expected to make a decision by May 18, imposes levies on car imports.”

“A 25 percent U.S. levy on foreign cars would add 10,000 euros to the sticker price of European vehicles imported into the country, according to the European Commission.”