EU's Juncker Expects Trump to Refrain from Imposing Higher Tariffs on Cars

U.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday, Reuters reports.
A confidential U.S. Commerce Department report sent to Trump over the weekend is widely expected to clear the way for him to threaten tariffs of up to 25 percent on imported autos and auto parts by designating the imports a national security threat.
“Trump gave me his word that there won’t be any car tariffs for the time being. I view this commitment as something you can rely on,” Juncker told the German daily Stuttgarter Zeitung in an interview. He did not specify when Trump made the promise.
Juncker added if Trump imposed tariffs on European cars nonetheless, the EU would react immediately and not feel obliged to stick to its promise to buy more soybeans and liquefied gas from the United States.
The contents of the U.S. report are expected to remain classified while Trump considers its recommendations, leaving the industry and major car exporters such as Germany, Japan and South Korea in the dark about its consequences.
Auto industry officials said they expect the report to recommend at least some tariffs so that the administration can use the findings of the inquiry as negotiating leverage during negotiations this year with Japan and the EU.
Other materials on this subject
- Gazprom, Turkey Discuss Using TurkStream for Gas Supplies to Europe Earlier, Burmistrova said that Gazprom may consider delivering some of TurkStream’s gas further to Europe, on the condition that the demand for gas in the country continues to decline. Gas purchases...
- China's Economy Will Grow 2% This Year and 7.9% in 2021 "A premature policy exit and excessive tightening could derail the recovery," the World Bank said in its latest economic update on China, released Wednesday. It predicts the world’s second-largest economy...
- World Oil Prices Dropping And the Brent oil futures for February supplies fell by 2.97 percent to $50.71 a barrel.
- Oil Prices Fall as OPEC+ Members Debate 2021 Output Policy "Last week’s optimism is taking a hit this morning and longs are edging towards the exit ahead of the OPEC+ talks," said oil broker PVM’s Tamas Varga, after OPEC+ failed to agree on policy in informal...
- OPEC Sees Steeper Oil Demand Drop as Virus Remains Challenging World oil demand will tumble by 9.46 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report, more than the 9.06 million bpd decline expected...
-
11:18
Armenia Records 166427 Confirmed Coronavirus Cases
-
10:52
Armenia, Iran FMs' Private Conversation Kicks Off
-
09:39
Some Roads are Closed and Difficult to Pass in Armenia
-
00:43
Vladimir Putin Had a Telephone Conversation with Joseph Biden
-
00:19
Iranian Foreign Minister Mohammad Javad Zarif Arrived in Armenia
-
22:38
Opposition Prosperous Armenia Party Leader Meets with Russia Ambassador
-
19:20
5-Day Weather Forecast in Armenia
-
18:49
Foreign Minister of the Republic of Artsakh Sent Letters to the UN Secretary General and UNESCO Director-General
-
16:04
Armenia PM Appoints First Deputy Health Minister
-
15:44
Nikol Pashinyan Sends Congratulatory Message to India’s Prime Minister
-
15:37
Italian PM Conte to Resign Following Pandemic Criticism
-
15:30
There is a Positive Dynamic in President Armen Sarkissian’s Health Condition
-
15:30
PACE Calls on to Implement Provisions of Trilateral Statement on Karabakh
-
15:16
Artsakh Reports 21 New Cases of COVID-19 over Past Day
-
14:15
Human Rights Ombudsman’s Office of Artsakh Published a Report on the Threat to Armenian Cultural Heritage
-
13:23
138 COVID-19 New Cases Reported in Armenia
-
11:59
Artsakh Defense Army Published List Of 65 Servicemen Killed
-
11:43
Four More Bodies Of The Artsakh War Casualties Were Found
-
11:28
Ombudsman: The Issue Of Demarcation Is Of Fundamental Importance For The Rights Of The Border Residents Of The Syunik Region
-
11:05
Russian, Armenian And Azerbaijani Vice Premiers To Meet On January 27
day
week
month
-
12:46
Lavrov: No Provocations Against Russian Peacekeepers in Nagorno-Karabakh
-
10:50
Azerbaijan President's Statement Contradicts point 8 of Statement Signed on November 9, 2020: Arman Tatoyan
-
18:57
Artsakh Authorities Find More Bodies of Fallen Troops in Ongoing Search Operations
-
13:51
Artsakh Security Chief: We Could Have Avoided the War
-
16:40
Colorado Identifies First Known Case of UK Coronavirus Variant in US
-
17:50
Biden Names Ike Hajinazarian as White House Regional Communications Director
-
09:05
Armenia to Import 2,250 Goods from Iran Instead of Turkey
-
15:04
Bodies of 1,111 Fallen Armenian Soldiers Retrieved So Far: Artsakh Emergency Service
-
23:23
Let's Believe that 2021 Will Restore Our Lost Dignity
-
17:53
Armenian, Azerbaijani Intelligence Chiefs Discuss PoW Exchange at Moscow-Mediated Meeting
Humidity: 59%
Wind: 3 km/h