US EditionTrump says he’ll place 25% tariff on autos from EU, accusing bloc of not complying with trade deal
Trump says the EU is not complying with a trade deal as he moves to raise U.S. tariffs on imported cars and trucks to 25%.
- 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.
265 Articles
265 Articles
Observador
The European Commission denies Trump, who accuses the EU of violating the agreement negotiated with Washington. He warns that he has "options" not to leave the increase in tariffs announced by the US unanswered.
Trump says he will raise tariffs on EU autos to 25% for 'not complying' with his trade deal
President Donald Trump declared on Friday that the United States will raise tariffs on European Union vehicles to 25% starting next week, accusing the bloc of failing to honor a trade agreement reached last year. According to a report from France 24, the move threatens to disrupt global markets at a sensitive time and could […]
US President Trump wants to increase tariffs on cars and lorries coming from the EU to 25 percent next week - because the EU does not comply with a trade agreement. The EU Commission strongly criticised and brought countermeasures into play.
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