Washington 4 Mar (ANA) - US President Donald Trump has stepped up his war of words over trade tariffs, threatening to "apply a tax" on imports of cars from the European Union.

 

Mr Trump said other countries had taken advantage of the US for years because of its "very stupid" trade deals. The trade wrangle began on Thursday when Mr Trump vowed to impose hefty tariffs on steel and aluminium imports.

 

That brought a stiff response from trading partners and criticism from the IMF and WTO. EU trade chiefs have reportedly been considering slapping 25% tariffs on around $ 3.5bn (£ 2.5bn) of imports from the US, following Mr Trump's proposal of a 25% tariff on imported steel and 10% on aluminium.

 

They would target iconic US exports including Levi's jeans, Harley-Davidson motorbikes and Bourbon whisky, European Commission head Jean-Claude Juncker said.(ANA)

FA/ANA/4 March 2018-------