U.S. President Donald Trump says the United States will increase tariffs on cars and trucks imported from the European Union from the current 15% to 25%. Multiple outlets report the change is tied to a trade agreement negotiated last July, under which tariffs were set at 15%. Trump says the EU has not complied with the terms of that deal. Several reports say he gives the EU a deadline of July 4 to meet the agreement’s requirements, after which the higher tariff rate would take effect. Other coverage describes Trump’s move as renewed pressure on the European auto sector, including car parts makers, amid uncertainty in the trade relationship. At least one outlet also reports that Trump announced a delay to the implementation timeline, moving the planned increase to early July rather than an immediate rate change. Overall, the reported measures focus specifically on automobiles and related goods shipped from the EU to the US and center on disputes over adherence to the previously agreed framework.
Trump says US will raise tariffs on EU cars and trucks to 25%
U.S. President Donald Trump says the United States will increase tariffs on cars and trucks imported from the European Union from the current 15% to 25%. Multiple outlets report the change is tied to...
- The current US tariff rate on EU cars and trucks is 15%.
- Trump says the US will raise the tariff rate to 25%.
- The increase is linked to an EU-US trade deal negotiated last July that set tariffs at 15%.
- Trump says the EU has not complied with the deal’s terms.
- Several reports cite a July 4 deadline for EU compliance before higher tariffs apply.
Earlier this week, President Trump threatened European car makers with 25% tariffs before walking it back later in the week. How is the EU dealing with this unpredictability?
3 months agoTrump on Friday had threatened to increase tariffs on EU cars and trucks to 25% this week, from 15% currently, because the EU was not complying with the terms of a deal struck in Scotland last July.
3 months agoU.S. President threatened to increase tariffs on EU cars and trucks to 25% this week, from 15% currently
3 months agoTrump announced last week he would increase tariffs on vehicles coming from the European Union from 15% to 25%.
3 months agoCar parts makers in Europe are facing renewed pressure as Trump last week announced a tariff increase on cars and trucks from the European Union to 25% from the previously agreed 15%, saying the bloc had not complied with its trade deal with Washington.
3 months agoUS says it will hike tariffs to 25% because the EU has not complied with trade deal last year that set tariffs at 15%.
3 months ago
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