On Tuesday 26 June, European Trade Commissioner Cecilia Malmström warned against the risk for the whole global economy of an increase in customs duties on the imports of cars – which is promised by US President Donald Trump. She stated that the EU was ready to discuss tariff liberalisation on industrial products, including cars.
"A large number of countries, the OECD, the World Bank and the IMF have warned that such measures would harm the global economy, including the...