EU warns Trump: Retaliation for car import tariffs may cost US $300bn

nuts and tobacco, commodities

Convienently ignoring his example about train wagons.

high end luxury cars

TIL All EU car manufacturers produce only high end luxury cars. Apart from that, fyi, only 1 billion euros out of the total value of US cars imports to the EU of 6.5 billion was subject to the full tariff. [1]

European car manufacturers don't make much pickups so I don't think they are bothered.

"Our tariffs are not bad because I feel that your manufacturers don't mind."

Agriculture in the EU is so subsidized that we can't even talk about free market anymore. US farmers are also subsidized

That's the point we all are trying to make: It's more complicated than just one single tariff difference...

/r/worldnews Thread Parent Link - irishtimes.com