European Union mulls coal, pharma, chemicals tariffs if US hits cars: Wiwo

The Alliance of Automobile Manufacturers, whose members include General Motors Co, Volkswagen AG and Toyota Motor Corp, warned on the impact of the tariffs.

Rep. Terri Sewell, D-Ala., flanked by John Bozzella, president of Global Automakers, left, and Sen. She says security, counterterrorism, and energy will be on the agenda, as well as trade.

The study said USA consumers would see the price of new vehicles rise by US$455 to US$6,875 depending on the level of tariff or quota, where the vehicle was assembled and if Canada and Mexico were exempted.

A study by the Center for Automotive Research also released Thursday estimated auto demand will fall by between 493,600 and two million vehicles, resulting in the loss of 82,000 to almost 750,000 auto manufacturing jobs. When vehicle prices rise, demand drops.

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European Commission President Jean-Claude Juncker said he was "upbeat and relaxed" ahead of his trip to Washington next week to discuss strained trade relations between the European Union and the United States.

Junker said he would seek again to explain to Trump that the European Commission coordinates trade policy for the 28-country European Union and that the United States could therefore not forge a trade deal with just one of its members.

The Commerce Department said earlier this week it aimed to complete the investigation "within a couple months".

No automaker or parts company has endorsed the tariffs, and they have pointed to near-record sales in recent years.

Google Fined RM20.3 Billion By EU Over Abuse Of Android OS
While Google has said that it will appeal the decision saying that "Android has created more choice for everyone, not less". The president appeared to be using the antitrust fine as a salvo in his escalating trade war with the EU .

Canadian automotive leaders have warned the USA tariffs would be devastating for the highly integrated North American industry and its supply chains, and would lead to large-scale layoffs on both sides of the border.

They are making their cases today during U.S. Commerce Department hearings into whether the duties should be apply based on the premise that imports are a national security risk.

Wirtschaftswoche said any steps taken in response to tariffs on European cars would have to be broader than earlier, targeted countermeasures following USA tariffs on steel and aluminum.

USA challenges trade war counter-tariffs at WTO
European leaders have criticized Trump's tactics but share US criticism of China's industrial policy and market barriers. Last week, the ministry said it would immediately file a complaint to the WTO against what it called U.S. unilateralism.

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