Trade ministers from four countries and the EU have agreed to a coordinated reaction to America’s section 232 review of the automotive industry should duties arrive. The precise nature of the retaliation has yet to be determined – a WTO reference and duties are likely – but should prove effective given the five together accounted for 94% of America’s $184 billion of imports of cars and parts in the past 12 months. However with the EU having agreed a tariff standstill with the U.S. after the recent meeting of President Trump and President Juncker the degree of coordination ...