EU To Impose Tariffs On Caterpillar, Xerox Imports If Trump Puts Duties On Cars - Reports

The European Union is prepared to impose tariffs on Caterpillar trucks, Xerox machines, Samsonite luggage and other US goods if President Donald Trump places duties on European-made cars, media reported on Friday

WASHINGTON (UrduPoint News / Sputnik - 22nd February, 2019) The European Union is prepared to impose tariffs on Caterpillar trucks, Xerox machines, Samsonite luggage and other US goods if President Donald Trump places duties on European-made cars, media reported on Friday.

The European Union is ready to impose retaliatory tariffs on a total of $22.7 billion worth of US goods, Bloomberg reported citing a senior EU official.

On Sunday, the US Commerce Department said it submitted a report to Trump on its investigation into whether to impose tariffs of up to 25 percent on automobiles.

The report's findings have not yet been made public.

Trade disagreements between the United States and the EU intensified after Trump announced 25 percent tariffs on steel and 10 percent on aluminum imports from the 28-nation bloc and a handful of other countries in March 2018. Although Trump said in July he would refrain from slapping new tariffs on EU goods, he has repeatedly threatened to hit the bloc with 25 percent tariffs on autos.