Economics

EU Is Ready to Retaliate as Trump Auto-Tariff Deadline Nears

Trump expected to announce decision on car duties on May 18
The EU would retaliate against $23 billion of U.S. goods

EU Trade Commissioner Cecilia Malmstrom discusses the prospect of trade tariffs between the EU and U.S.Source: Bloomberg

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By Maria Tadeo and Iain Rogers

May 13, 2019 at 10:14 AM UTC

Updated on

May 13, 2019 at 12:41 PM UTC

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The European Union is finalizing a list of American goods to target with retaliatory tariffs in the event that U.S. President Donald Trump, who is expected to make a decision by May 18, imposes levies on car imports.