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Trump Threatens to Tax Euro-Made Vehicles Again

President tweets 25% tariff threat.

by on Mar.05, 2018

President Donald Trump threatened to place a 25% tariff on European-made vehicles coming into the U.S. last weekend.

President Donald Trump dusted off a threat from early in his administration over the weekend by tweeting he would impose a 25% tax or tariff on new vehicles imported into the United States.

The tweet about taxing European cars was apparently in response to remarks from a European Union policy maker, suggesting that if the Trump administration imposes tariffs on steel and aluminum imports the EU could slap tariffs on iconic American products such Harley Davidson motorcycles, bourbon and blue jeans.

News Now!

Trump raised the possibility of slapping a tax on European cars during one of the early skirmishes around trade rules soon after moving into the White House in January 2017. One of his earliest proposals, a so-called “border adjustment tax” was buried after heavy lobbying by members of Congress, automakers and car dealers. (more…)