US Pres. Trump: If European automakers build plants in US, then no tariffs

Eren Sengezer FXStreet

In an exclusive interview with Fox Business Network, U.S. President Donald Trump said that the trade deal with China was 'coming along' and would 'probably happen.' Commenting on the Fed's policy outlook, Trump reiterated that he was hopeful that the Fed 'will not do the tightening.'

Key quotes (via Reuters)

Asked about tariffs on Chinese goods staying in place for a period of time, says there is no snag in trade negotiations.
US will be able to keep 25pct tariff on autos going.
Does not want zero tariffs on cars from Europe.
If European automakers build plants in US, then no tariffs.
Does not like concept of breaking up tech companies like Facebook, Google, Twitter.

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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