US won't impose tariffs on European cars, said EU Chief. Donald Trump refuses to having agreed to roll back tariffs imposed on China.
Jean-Claude Juncker, the outgoing president of the European Commission, has said that the US won't be announcing tariffs on European cars next week.
US President Donald Trump has until November 13 to decide whether to apply new duties on European carmakers. The news comes after Trump argued in May that US imports of European autos pose a national security threat to the US.
Donald Trump had last year announced steel and aluminium tariffs on Europe to which the EU had retaliated a few months later with duties on 2.8 billion euros of US goods.
More recently, in October, the US announced tariffs on $7.5bn of European goods following a dispute at the World Trade Organization (WTO) over subsidies to airlines. CNBC
President Donald Trump on Friday said that he has not agreed to rollback US tariffs on China.
The development comes shortly after officials from both countries on Thursday had said China and the US have agreed to roll back tariffs on each others' goods in a "phase one" trade deal. Livemint
(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)