BREAKING NEWS
This content is not available in your region

EU has 35 billion euro list ready if U.S. hits EU cars - EU trade chief

EU has 35 billion euro list ready if U.S. hits EU cars - EU trade chief
FILE PHOTO: European Trade Commissioner Cecilia Malmstrom attends an interview with Reuters in Geneva, Switzerland June 4, 2018. REUTERS/Denis Balibouse/File Photo   -   Copyright  Denis Balibouse(Reuters)
Text size Aa Aa

BRUSSELS (Reuters) – The European Union would retaliate with extra duties on 35 billion euros (£31.46 billion) worth of U.S. goods if Washington went ahead with tariffs on EU cars, the bloc’s trade chief said on Tuesday.

“We will not accept any managed trade, quotas or voluntary export restraints and, if there were to be tariffs, we would have a rebalancing list,” European Trade Commissioner Cecilia Malmstrom told a committee of the European Parliament.

“It is already basically prepared, worth 35 billion euros. I do hope we do not have to use that one,” she continued.

(Reporting by Philip Blenkinsop, editing by Robin Emmott)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.