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President Donald Trump has doubled down on threats to slap steep tariffs on the European auto sector. Frustrated with the trade surplus the 28-member bloc runs with the US, Trump argues that tariffs will pressure car manufacturers to move back home.  Economists estimate the escalation would add thousands of dollars to the price of cars sold in the US.  Visit Business Insider’s homepage for more stories.

President Donald Trump has doubled down on threats to slap steep tariffs on the European auto sector, a move expected to add thousands of dollars to the price of cars sold in the US. 

The president said Tuesday that while he hoped broader trade tensions with the European Union could be resolved, he would turn to a punitive

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