Tariffs on EU auto exports to the U.S. could result in EU reneging on its purchase commitments from the U.S.

The head of the European Commission, Jean-Claude Juncker, stated, he had a deal with U.S. President Donald Trump which ensures that Washington will not impose tariffs on EU car exports to the U.S. for the time being.

In a clear and lucid message to the United States, Jean-Claude Juncker, the head of the European Commission stated, if Washington imposes import tariffs on cars from the European Union, the bloc will be buying less liquid gas and soya beans from the United States.

LNG is slated to replace crude oil in the energy market.

In an interview to the Stuttgarter Zeitung paper, Juncker, stated, he had a deal with U.S. President Donald Trump and he expects Washington to stick to the deal and not impose any such tariffs, for now.

“Trump has given me his word that there will be no car tariffs for the time being. I believe him. However, should he renege on that commitment, we will no longer feel bound by our commitments to buy more US soy and liquid gas. However, I would very much regret that,” said Juncker to the paper.

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