Trump threatens tariffs on autos imported from the EU

• President Trump threatens a 20% tariff on all imported automobiles from the European Union.
• Share prices of European automakers are lower in late trading across the Atlantic, including declines for Volkswagen (VLKAY), Daimler (OTCPK:DDAIF), BMW (OTCPK:BMWYY), Renault (OTC:RNSDF, OTCPK:RNLSY), Fiat Chrysler Automobiles (NYSE:FCAU) and PSA Group (OTC:PUGOF, OTCPK:PUGOY).
• Ford (F -0.3%) and General Motors (GM) are just slightly lower in U.S. trading on concerns over potential tariff escalation.