US plans to hike tariffs on EU cars to 25% will hit luxury market the most

The United States is set to impose 25 percent tariffs on the European Union’s auto sector, a move that would reverse an agreement reached in August between Washington and the bloc. US Trade Representative Jamieson Greer told CNBC on Monday that the White House is “moving forward with this action”. Recommended Stories list of 4 items end of list Earlier this year, the US Supreme Court ruled that President Donald Trump could not impose his global tariffs through the International Emergency …