US President Donald Trump said he will raise tariffs on cars and trucks imported from the European Union to 25%, citing what he described as the bloc’s failure to comply with a trade agreement with Washington.
Trump said, “Due to the European Union’s non-compliance with our trade agreement, I will raise, next week, the tariffs imposed on EU exports of cars and trucks to the United States.”
The announcement signals a potential escalation in transatlantic trade tensions. Moreover, higher duties could increase costs for European automakers and impact vehicle pricing in the US market.
