US threatens auto tariffs if EU adopts digital tax

• US Treasury Secretary Steven Mnuchin warned Wednesday that Washington would slap a painful tariff on EU auto imports.
• If people want to arbitrarily put taxes on our digital companies we will consider putting taxes arbitrarily on car companies.

DAVOS: US Treasury Secretary Steven Mnuchin warned Wednesday that Washington would slap a painful tariff on EU auto imports if Europeans go through with a digital tax that mainly targets US firms.

"If people want to arbitrarily put taxes on our digital companies we will consider putting taxes arbitrarily on car companies," Mnuchin told a panel at the World Economic Forum in the Swiss ski resort of Davos.