President Trump on Saturday continued to defend his recent remarks about imposing tariffs on steel and aluminum imports. Furthermore, he threatened the European Union with taxes on cars imported to the U.S.
“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!” Trump wrote on Twitter.
His tweet comes after the New York Times reported on the potential ramifications of Trump’s tariff announcement on Thursday.