Why Europe’s car industry is at the centre of a new US trade war

Last week, US President Donald Trump announced to hike tariffs on cars and trucks manufactured in the European Union from 15 percent to 25 percent after accusing the bloc of taking too long to comply with the terms of the trade deal agreed last July. Trump’s latest trade barb comes as the transatlantic ties have been strained, with the latest friction point emanating from the EU’s refusal to join Washington’s current war on Iran. …