EU Prepares to Retaliate Over Car Tariffs Before Trump Talks
- European Commission President Juncker to meet Trump next week
- EU is prepared to impose rebalancing measures immediately
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The European Union is preparing a new list of American goods to hit with protective measures if a mission to Washington next week fails to persuade U.S. President Donald Trump not to raise levies on car imports.
The bloc may target American goods worth about 20 percent of the U.S. action, according to two officials with knowledge of the deliberations. The level of the EU’s retaliatory tariffs would probably match the U.S. levels, said the officials, who asked not to be identified because the preparations are private.