EU Vows Action If Trump Adopts Car Tariffs, But Urges Restraint

Europe will consider all retaliatory options should US President Donald Trump follow through on his threat to raise tariffs on cars and trucks from the European Union to 25%, the bloc’s finance ministers said.

But, if possible, it would like to stick with an existing US-EU trade deal.

“Our path is clear, we don’t want an escalation, we want a joint solution with the Americans,” said German Finance Minister Lars Klingbeil, who is also vice-chancellor. However, he added, “we would be prepared if an escalation were to occur.”

The spat has added to tensions over a much-delayed transatlantic trade ...