European Union Could Impose Extra $39.1 Billion in Retaliatory Tariffs on U.S. Goods

The Trump administration has threatened to raise tariffs on European Union imports of automobiles, and now the EU is ready to retaliate with an extra set of taxes of its own to the tune of $39.1 billion on U.S. goods entering the bloc’s member states. The tit-for-tat tariff threat is what Cecilia Malmstrom, the European…