US President Donald Trump on Friday said he will increase tariffs on vehicles from the European Union to 25% next week, accusing the bloc of not complying with its 2025 trade deal.
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Trump says he will raise tariffs on EU autos to 25% for 'not complying' with trade deal
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US President Donald Trump announced plans to raise tariffs on EU autos to 25% due to the EU's alleged non-compliance with a 2025 trade deal. The move is expected to impact the automotive industry and trade relations between the US and EU. Trump made the statement on Friday, citing the EU's failure to meet its trade obligations. The tariffs are set to take effect next week.