President Trump on Friday threatened to place a 20 percent tariff on all European cars entering the United States.
“We make great cars in the United States. Why would we import a car when if we make more cars in the United States we create more factories, more jobs, more revenue, more taxable income? We broaden the base. It’s kind of simple,” Gary Cohn, Trump’s former top economic advisor explained.
Trump last week carried out a threat he made earlier this year by announcing he would impose $50 billion worth of tariffs on Chinese goods.
Read more at The Hill.