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US President Donald Trump said on Friday that they will impose tariffs on European car imports if the EU doesn’t lower tariffs on American lobsters.

“EU charges US seafood tariffs it doesn’t charge Canada,” Trump added, as reported by Reuters.

Market reaction

These comments don’t seem to be having a significant impact on market sentiment. As of writing, the Dow Jones Industrial Average was up 3.47% on the day while the S&P 500 and the Nasdaq Composite were gaining 3% and 2.2%, respectively.