1 of 1
Story summary
- U.S. President Donald Trump announced plans to impose a 20% tariff on all cars from the European Union unless it removes its import duties.
- The move follows EU tariffs on about $3.3 billion of American goods, including Harley-Davidson motorcycles and Levi jeans.
- Trump's tweet urging U.S. manufacturing caused shares of Volkswagen, Daimler, and BMW to fall.
- The tariffs could further intensify the trade war with China.
