Today: 23.09.2018
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Trump threatens more tariffs on EU imports.

President Donald Trump on Friday renewed his threat to slap steep tariffs on imports of European-built cars such as BMWs, Mercedes-Benzes and Audis, another warning sign of a brewing worldwide trade war. “Based on the Tariffs and Trade Barriers long placed on the US and it [sic] great companies and workers by the European Union,...
Time: 11:31     Date: 22.06.2018
Last US News: Trump threatens more tariffs on EU imports. NY Post 24 - US News

“Based on the Tariffs and Trade Barriers long placed on the US and it [sic] great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the US. Build them here!” Trump wrote on Twitter.

After he imposed steep tariffs on imported steel and aluminum, the EU retaliated by slapping $3.4 billion in tariffs on a variety of US products — specifically targeting goods or agriculture produced in states that went for Trump in the last election.

The list includes Harley Davidson motorcycles made in Wisconsin, bourbon from Kentucky and orange juice from Florida.

The threat came two days after Commerce Secretary Wilbur Ross said no decision had been made on whether the US would extend the steel and aluminum tariffs to carmakers.

Trump’s tweet sent shares of BMW, Volkswagen, Fiat Chrysler and Mercedes lower, and Ford and General Motors shares also slipped following the news, CNBC reported.

The president told the European carmakers to “Build them here!” — but many European carmakers build a large percentage of their vehicles in the US already, according to the EU.

“Of the 1.3 million German cars sold in the US, more than 800,000 were made on American soil. German carmakers — including BMW and Daimler made some 854,000 vehicles in the US in 2016. That marks a four-fold increase on the 214,000 produced in the country in 2009,” the group’s Association of Accredited Public Policy Advocates said on its website.

“BMW’s largest plant in the world is based in Spartanburg, South Carolina, and export cars from the US to other countries. The plant produces about 34,000 cars a month, 26,000 of which are sold in the United States,” they continued.

“The upshot: By exporting more finished vehicles from the United States than it imports to the United States, BMW may be helping to lower America’s trade deficit.“

Metro

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Opinion

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Living

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Business

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Metro

Metro News: Elite NYPD anti-terror unit wrote bogus tickets to fill quotas: whistleblowers. NY Post 24 - US News
Elite NYPD anti-terror unit wrote bogus tickets to fill quotas: whistleblowers.
Members of the NYPD’s elite Strategic Response Group — about 700 highly trained, heavily armed cops who respond to...
Metro News: NYPD cop accused of choking girlfriend released without bail. NY Post 24 - US News
NYPD cop accused of choking girlfriend released without bail.
An off-duty NYPD cop accused of choking his ex-girlfriend — and sending her a terrifying picture of a noose —...
Metro News: Homeless man found stabbed to death in Washington Heights. NY Post 24 - US News
Homeless man found stabbed to death in Washington Heights.
A man who cops believe was homeless was found stabbed to death in Manhattan early Saturday. A passerby discovered the body...
Metro News: Motorcyclist killed in Brooklyn crash. NY Post 24 - US News
Motorcyclist killed in Brooklyn crash.
A motorcyclist was killed when he rammed into a Nissan in Brooklyn on Saturday, cops said. The 47-year-old cyclist was heading...
Metro News: ‘Lion King’ prop maker busted for trying to 3-D-print a gun. NY Post 24 - US News
‘Lion King’ prop maker busted for trying to 3-D-print a gun.
Things weren’t very hakuna matata at Broadway’s iconic “The Lion King” on Friday afternoon when cops stormed the...
Metro News: Merciless school bus driver told boy ‘just pee yourself’: mom. NY Post 24 - US News
Merciless school bus driver told boy ‘just pee yourself’: mom.
A city school bus driver showed no mercy toward a child who begged to stop at a restroom, telling the 11-year-old boy to...
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Sport

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