"The European Union will stick to its word as long as the US does the same".
Asked about the risk of higher US vehicle tariffs, Altmaier said he did not buy the argument that imported cars would threaten USA national security - echoing impassioned comments from Merkel over the weekend.
Juncker said on Monday that he expected Trump to remain true to his word not raise auto tariffs, but if Trump imposed tariffs on European cars despite this agreement, the European Union would react immediately and not feel obliged to stick to its promise to buy more soybeans and liquefied gas from the United States. Articles appear on euronews.com for a limited time.
The transatlantic flare-up followed a truce established in July, in which Trump and European Commission President Jean-Claude Juncker pledged no new tariffs while both sides pursued a limited trade deal.
The U.S. Commerce Department has submitted a report on tariff imposition on automobiles and auto partsto to President Donald Trump on February 17 in accordance with Section 232 of the Trade Expansion Act of 1962.
"Every single US -made vehicle and truck has imported components and assembly".
USA tariffs on European cars would mark a significant escalation of trans-Atlantic tensions because the value of EU automotive exports to the American market is about 10 times greater than the bloc's steel and aluminum exports.
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She described the situation as "horrific" and that her "heart goes out to the families involved here and the community". They added that Moore had a history of mental illness and was previously admitted to a mental health facility.
European officials have said that Brussels has drawn up a list of 20 billion euros ($22.6 billion) of potential countermeasures, without providing further details.
The contents of the USA report are expected to remain classified while Trump considers its recommendations, leaving the industry and major vehicle exporters such as Germany, Japan and South Korea in the dark about its consequences.
In a statement earlier this month, the Motor and Equipment Manufacturers Association, which represents auto parts suppliers, also warned that auto tariffs would push up costs of production and lead to massive job losses.
The European Union has warned of prompt retaliation if the USA follows through on a threat to impose tariffs on European vehicles.
The data is likely to inflame passions in the White House, where Trump has frequently criticized Germany's large trade surplus with the United States.
"If that is viewed as a security threat to the United States, then we are shocked", she told a conference in Munich at the weekend. Because of the components it uses, Toyota past year estimated that the cost of a typical Camry sedan - the best-selling passenger vehicle in America - could rise by around $1,600.
Along with the other sectors, the spirits industry has also joined the expanding chorus of several businesses that are trying to convince Trump to cut down the tariffs over the Chinese goods along with the foreign metal by considering the pain which the trade battle has inflicted.
German automobile groups previous year exported 470,000 cars from Germany to the United States, according to the VDA manufacturers' federation.