President Donald Trump vowed Saturday to increase tariffs on European Union imported cars if they retaliate in response to his Thursday announcement of a 25 percent tariff on steel and a 10 percent tariff on aluminum.
“They make it impossible for our cars (and more) to sell there,” Trump tweeted from Florida. “Big trade imbalance!”
Trump’s tweet is in direct response to the EU’s Friday announcement that it would put a tariff on Harley Davidson motorcycles, bourbon whisky and blue jeans.
The president is unfazed by criticism that he is launching the U.S. into a trade war saying Friday that sometimes trade wars are a good thing.
Trump vowed several times during the 2016 presidential campaign that he would impose tariffs and reciprocal taxes on other nations believing that the U.S. trade imbalance puts American workers at risk.