(REUTERS) – U.S. President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat.
"If these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!" Trump wrote on Twitter Friday.
Autos stocks fell on the news. The European Autos Stocks Index fell sharply after Trump's 20 percent tariff tweet and was last down 1.25 percent. Ford Motor Co shares went into the red and were down 0.5 percent, while General Motors Co shares were off 0.3 percent.
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