eu governments: As the sword of Damocles hangs over the European automotive industry, the trade ministers discussed the bloc's trading relationship with Washington, according to Global Times China. European Trade Commissioner Cecilia Malmstrom has called on EU governments to decide soon to start negotiations with the United States. A report from the U.S. Department of Commerce on the national security risks of auto imports, without its details disclosed, was recently submitted to U.S. President Donald Trump who has 90 days to decide whether to impose special tariffs on imported cars and car parts, including those from Europe. She also warned there is full support from member states to hit back if the United States were to levy the tariffs, escalating the transatlantic tension. For the EU, it is not new that the United States uses so-called national security as an excuse to raise trade barriers. LINGERING TARIFFS THREAT The report laid on Trump's table re-triggered trade disputes over cars and car parts imported by the United States from the EU. It stems from the Section 232 investigation launched by the U.S. Department of Commerce in May at Trump's request to evaluate the effects of imports on national security.
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Tagged under eu governments, auto imports topics.