Trump could cost Europe $75 billion if he follows through with his threat to tax EU car imports

Trump could cost Europe $75 billion if he follows through with his threat to tax EU car imports

Barclays estimates that US tariffs on the European automotive sector could knock as much as $75 billion from growth in the Eurozone next year. Trump has threatened to impose 25% tariffs on all autos and auto parts coming into the US to extract concessions fro…

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