Trump trade war: European car shares hit



Shares in major European car makers fell on Monday following a threat by US President Trump to tax their vehicles.
He said he would act if the European Union retaliated to his plan to put tariffs on aluminium and steel imports.
He said if the EU "wants to further increase their already massive tariffs and barriers on US companies... we will simply apply a tax on their cars."
BMW shares fell 3%, Volkswagen and Daimler 2.5%, while Italy's Fiat Chrysler also fell.
The US is an important market for cars built in the country. US demand for British-built cars rose by 7% in 2017, with... read more

 
5 March 2018 in Business, Views: 48
Source: BBC
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