EU’s Malmstrom: EU is preparing list of countermeasures in case US imposes tariffs on EU cars

Dhwani Mehta FXStreet

European Union (EU) Trade Commissioner Cecilia Malmstrom is on the wires now, via Reuters, expressing her concerns on the US cars tariffs while delivering a speech in Brussels.

Key Points:

US tariffs on cars would be 'disastrous'.

Dividing the US and EU will only serve to weaken both powers.

The removal of car tariffs with the US could only be done as part of the broader trade deal.

The aim of Juncker's visit is to de-escalate tensions.

And also to see if a forum is needed to discuss trade issues.

Never encountered sentiment that EU is a foe.

EU is preparing list of countermeasures in case US imposes tariffs on EU cars.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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