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EU Ready to Target Caterpillar, Xerox if Trump Hits Cars, Official Says

(Jonathan Stearns & Irina Vilcu – Bloomberg)

Caterpillar Inc. trucks, Xerox Corp. machines and Samsonite International SA luggage are among U.S. goods that would face retaliatory European Union tariffs should President Donald Trump follow through on a threat to impose automotive duties against the bloc, according to a senior EU official.

The person commented Friday on the condition of anonymity because the tit-for-tat list drawn up by the European Commission, the EU’s executive arm in Brussels, is still a confidential draft.

The EU’s warning of targeted duties reflects its two-pronged approach to Trump’s “America First” agenda. The 28-nation bloc is working in parallel toward a limited trans-Atlantic commercial accord in a bid to keep at bay new U.S. levies on cars and auto parts. Click here to read more.