Trump says finishing US study on tariffs on cars from EU

GETTYMr Trump slammed Germany's automotive trade surplus with the US

Trump posted his threat on Twitter the day European Union reprisals took effect against USA tariffs on European steel and aluminum.

"If they decide to raise their import tariffs, we'll have no choice, again, but to react", said European Union commissioner Jyrki Katainen during an interview with French newspaper Le Monde as reported by Reuters.

Trump's tweet comes days after he threatened to impose a 20 percent tariff on all European cars entering the U.S.

President TrumpDonald John TrumpGOP lawmakers preparing to vote on bill allowing migrant children to be detained longer than 20 days: report Wasserman Schultz: Infants separated from their parents are in Florida immigrant shelters Ex-White House ethics chief: Sarah Sanders tweet violates ethics laws MORE on Sunday warned other countries that the US would retaliate if they placed trade barriers and tariffs on USA exports.

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"We don't want to fight (over trade) in public via Twitter". We don't want an escalation, but we are the ones being attacked.

On Saturday, a senior European Commission official said the EU would respond to any US move to raise tariffs on cars made in the bloc.

The U.S. Commerce Department has a deadline of February 2019 to investigate whether imports of automobiles and auto parts pose a risk to U.S. national security.

U.S. Chamber of Commerce senior Vice President John Murphy was cited by the Associated Press as saying he estimates that $75 billion in U.S. products could be subjected to new foreign tariffs by the end of the first week of July.

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In the years before he became president of the United States, Donald Trump owned luxury German cars.

At the conclusion of a meeting of the world's leading economies last month, Trump told reporters that he had pressed for fair and reciprocal trade practices.

"If the United States hits us again with a 20 percent increase on cars we will respond again". A group representing major USA and foreign automakers has said it was "confident that vehicle imports do not pose a national security risk". It accounts for 5 percent of Volkswagen's VW brand sales and 12 percent of its Audi brand sales.

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