U.S. President Donald Trump on Friday threatened to impose tariffs on European Union cars if the bloc does not drop its tariff on American lobsters, naming White House trade adviser Peter Navarro the "lobster king" in charge of talks. Trump, speaking at an event with commercial fishermen, also asked Navarro to identify Chinese products to hit with tariffs unless Beijing dropped its duties on American lobsters.
As deadline looms, 'There has been some movement on their part,' Pence says.
Mexico would target economies of states that voted for Trump.
President's threat looks more real by the day; its effects would be widespread
Volvo's request got rejected, too.
Automakers, other industries, stock market, even Trump's allies are alarmed
It sees similar problems through the rest of the year.
Calls EU tariffs unfair, threatens to reciprocate.
This in spite of no-tariffs trade agreement his administration negotiated.
At stake, thousands of dollars in additional vehicle costs.
'We are proud of our cars, and so we should be' — and the world wants them.
They are 'alarmed and dismayed' by secrecy of the situation.
He'll get Commerce Department's recommendation by this Sunday.
It's a 90-day truce in the trade war.
Cut from 40 percent back to 15 percent, U.S. is told in a phone call
He outlines 'his vision of all automakers producing in the United States'