EU President Says EU Safe From Car Tariffs
Outgoing European Union President Jean-Claude Juncker said he doesn't believe there will be tariffs on European autos this month. The U.S. trade representative is supposed to report to Donald Trump on Nov. 14 on whether there have been enough concessions resulting from talks with Japan and the European Union that the domestic auto industry is no longer imperiled by imports from those regions.
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Japan reached a free-trade deal with the U.S., and although it does not contain any quotas on Japanese exports, Japan says it will be spared from Section 232 tariffs as part of that deal. Europe has not really begun to negotiate with the U.S., because European countries do not want to include agriculture in talks. Still, Juncker sounded confident that no tariffs are coming. In an interview with a German newspaper, he said, "Trump is going to rumble a bit, but there will be no car taxes."
After asserting that Trump won't levy the threatened tariffs on autos and auto parts, Juncker added: "You're talking to a fully informed man."