EU's Malmstrom: We reject notion that our car exports are a national security threat

Eren Sengezer FXStreet

Commenting on the Trump administration's announcement to postpone the decision on car tariffs for 180 days, "We completely reject the notion that our car exports are a national security threat. The EU is prepared to negotiate a limited trade agreement incl cars, but not WTO-illegal managed trade," tweeted out European Union (EU) Trade Commissioner Cecilia Malmstrom.

"Will discuss with USTR Lighthizer next week in Paris and with Trade Ministers on 27 May," Malmstrom further added.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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