Once again, Pres. Donald Trump is revising his tariff playbook, this time announcing he will increase tariffs on European auto imports to 25%, up from the 15% figure set in a trade deal the U.S. and EU reached last year.The move comes at a perilous time considering the economic challenges already posed by Trump’s war with Iran. And it could cost European automakers and suppliers hundreds of millions of dollars in additional tariffs each month, based on forecasts previously made by EU officials.The president accused the Europeans of “not complying” with terms of las …
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Author: Paul Eisenstein
