Menu

Post image 1
Post image 2
1 / 2
0

Trump says he's raising tariffs on European cars to 25%

Business Insider·Ben Shimkus·about 1 month ago
#w9GkeVdt
#x3d#post#search#account#trump#tariffs
Reading 0:00
15s threshold

President Donald Trump wrote that he will increase the tariff on imported European cars to 25%. Ina FASSBENDER / AFP via Getty Images In a Truth Social post, the president said tariffs on EU-built cars will rise to 25% next week. Negotiators had pushed the tariff rate down to 15% — but Trump said members were "not complying." Trump also boasted about recent investments in US automaking plants. President Donald Trump said he plans to raise tariffs on cars and trucks imported from the European Union to 25% next week. In a Friday post on Truth Social, Trump said the EU is "not complying with our fully agreed to Trade Deal," and added that automakers could avoid the tariffs if they produce vehicles at plants in the United States. The move would raise tariffs from levels outlined in a 2025 US-EU trade framework, agreed to in July 2025, which set a 15% ceiling on most goods. That agreement has been the subject of ongoing disputes over how its terms are implemented.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More