US President Donald Trump on Saturday threatened a tax on cars from the European Union if it enacts retaliatory measures in response to his announced plans for tariffs on imported steel and aluminum. “If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.”, Trump tweeted. Earlier, he had blamed the US’s “very stupid” trade deals for, according to him, an $800 billion annual trade deficit.
Source: Yahoo! News