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Trump says he’ll place 25% tariff on autos from EU, accusing bloc of not complying with trade deal
Trump said the higher duties will push European automakers to build more vehicles in U.S. plants.
- On Friday, President Donald Trump announced the United States will raise tariffs on European Union cars and trucks to 25% starting next week, citing the European Union's failure to comply with the 2025 Trade Deal.
- The 2025 Turnberry Agreement previously capped tariffs at 15% in exchange for European commitments to increase United States investment, but implementation has lagged as Trump pursues broader tariff actions.
- European manufacturers, including BMW, Mercedes-Benz, Volkswagen, and Stellantis, face increased pressure from these duties; Trump explicitly ties the new 25% levy to onshoring, stating that European brands building vehicles within United States plants will face zero additional tariff.
- Industry analysts warn that returning to 25% could increase costs, disrupt transatlantic supply chains, and invite retaliation; following the announcement, Ferrari shares fell one day after Vanguard added to their position.
- The Supreme Court ruled earlier this year that the president lacked authority to declare economic emergencies for such tariffs, while the European Commission maintains the European Union expects the United States to honor commitments in the Joint Statement.
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Trump threatens higher tariffs on European cars
President Donald Trump said Friday that he planned to increase tariffs on European cars and trucks because the European Union was not complying with a trade deal agreed to with the United States. The post Trump threatens higher tariffs on European cars appeared first on Hawaii Tribune-Herald.
Trump wants to raise US tariffs to 25 percent on EU car imports. IfW expects production losses of up to 30 billion euros. In Europe, the dispute about the right answer is growing.
Coverage Details
Total News Sources366
Leaning Left60Leaning Right76Center65Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 30%
C 32%
R 38%
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