• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • BlueBotics
    • SICK Sensor Intelligence
    • Vicor Power
trump 1

Trump threatens to tax cars from Europe if EU retaliates over steel tariff

March 4, 2018 by Sam Francis

US President Donald Trump has threatened to impose a new tax on imported cars from Europe if the European Union takes retaliatory measures over the newly announced steel tariffs. 

Speaking through Twitter, Trump said: “If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a tax on their cars which freely pour into the US.

“They make it impossible for our cars )and more) to sell there. Big trade imbalance!” 

If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!

— Donald J. Trump (@realDonaldTrump) March 3, 2018

Trump has previously been highly critical of multilateral trade deals which he claims are unfair to the US.

He called the North American Free Trade Agreement “the worst trade deal ever”, and generally called US international trade deals “very stupid”.

One of the first decisions he made as president was to take the US out of the Trans-Pacific Partnership, which counts China and Japan among its member nations.

Observers are saying exiting Nafta – which includes Canada and Mexico – could be next.

US automakers manufacture a lot of cars and vehicle parts in Mexico, and Trump has discouraged big automakers from investing there and encouraged them to invest in the US instead.

He said he is considering imposing a 35 per cent import tariff on Mexican autos and parts.

In the latest move, Trump has introduced a 25 per cent tariff on steel imports in an attempt to rebuild the US metals industry.

In comments reported in the Financial Times recently, Trump said: “We’re going to build our steel industry back and we’re going to build our [aluminium] industry back.

“We’ll be signing [an order imposing tariffs] next week. And you’ll have protection for a long time in a while. You’ll have to regrow your industries, that’s all I’m asking.”

Trump was speaking after a White House meeting with industry chief executives.

Trump has been known to speak directly to bosses of manufacturing companies to try and persuade them to move more of their operations to the US.

In one instance at least it seems to be working, with Apple repatriating billions of dollars it had been holding overseas back to the US, and suggesting it would increase its manufacturing base in the US.

However, individual companies may be easier to deal with that entire industries, and steel and aluminium are among the most widely used materials in industry, affecting virtually all manufacturing businesses.

While higher tariffs may or may not help US steelmakers, it could increase the prices of metals for US manufacturers.

That’s even without the EU, China or any other country introducing any retaliatory measures.

Speaking for the EU, Jean-Claude Junker, European Commission president, said: “We strongly regret this step, which appears to represent a blatant intervention to protect US domestic industry and not to be based on any national security justification.

“The EU has been a close security ally of the US for decades. We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk.”

Meanwhile, Chinese foreign ministry spokesperson Hua Chunying said: “If other countries follow in the steps of the US, it will harm global trade.

“China urges the US to abide by multilateral rules and to make contributions to the trade and economic world order.”

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Industry, Manufacturing, News Tagged With: donald trump, steel tariffs

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • RC Mowers breaks ground on new $4.8 million facility
  • 1955 Mercedes-Benz ‘Mona Lisa’ sells for $142 million
  • Is Robot-Assisted Laser Hair Surgery the Future?
  • AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’
  • Merits and demerits of investing in the crypto world
  • The real-world use cases for blockchain technology
  • Tips for picking a reliable crypto platform
  • Reliable tips for picking the right crypto wallet
  • How Additive Manufacturing Works and Provides Benefits
  • How is technology and innovation changing the field of photography?

Most Read

  • Track your lost Android
    Track your lost Android
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
    Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
  • AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’
    AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’

Overused words

abb ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • RC Mowers breaks ground on new $4.8 million facility
  • 1955 Mercedes-Benz ‘Mona Lisa’ sells for $142 million
  • Is Robot-Assisted Laser Hair Surgery the Future?
  • AMD launches robotics starter kit to ‘kick-start the intelligent factory of the future’
  • Merits and demerits of investing in the crypto world
  • The real-world use cases for blockchain technology
  • Tips for picking a reliable crypto platform
  • Reliable tips for picking the right crypto wallet
  • How Additive Manufacturing Works and Provides Benefits
  • How is technology and innovation changing the field of photography?

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

March 2018
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Feb   Apr »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT