What Happened: EU Trade Commissioner Cecilia Malmstrom said July 19 that the European Union is preparing a list of countermeasures to be used if the United States imposes tariffs on European cars, Bloomberg reported.
Why It Matters: The European Union is trying to avoid an escalation in its trade dispute with the United States, but Brussels wants to be ready to retaliate if the White House places a 20 percent tariff on European car imports.
Background: EU Commission President Jean-Claude Juncker will meet U.S. President Donald Trump on July 25 in the United States, where the pair will discuss proposals from Juncker to end the trade dispute.
- Uncertainty Is Pushing the EU to Speed Up Its Trade Deals (May 31, 2018)
- What You Need to Know About Trump's Plan for Auto Tariffs (May 24, 2018)
- Trump Tosses Out The Trade Rulebook With Latest Tariffs (April 6, 2018)