EU official 'confident' Trump won't follow through on auto tariffs threat

European Union Trade Commissioner Cecilia Malmstrom said Thursday that she was confident that the Trump administration would not impose tariffs on autos and auto parts imports, despite repeated threats from the White House to do so.

Malmstrom, speaking at a panel event at the World Economic Forum in Davos, said the tariffs were unlikely because they would be too damaging and undermine what progress the U.S. and the EU have made so far in trade negotiation planning. While talks have been agreed to by both sides for this year, no firm date has been set.