Trump says U.S. will raise tariffs on EU autos to 25%, accusing block of violating trade deal
U.S. President Donald Trump announced plans to raise tariffs on European Union auto imports to 25%, citing non-compliance with a prior trade agreement, though he did not specify the violations. The move comes amid legal challenges to Trump's previous tariff authority and broader economic pressures, including rising inflation and global energy market disruptions. The European Union has maintained its commitment to the existing trade framework and warned that the U.S. must honor its obligations under the agreement.
- ▪Donald Trump announced a planned increase in tariffs on EU cars and trucks to 25%, effective next week.
- ▪The EU and U.S. had agreed to the Turnberry Agreement in July, which set a 15% tariff ceiling on most goods.
- ▪The U.S. Supreme Court recently ruled that Trump lacked legal authority to impose tariffs under an economic emergency declaration.
- ▪The EU expected the trade deal to save European automakers €500–600 million per month.
- ▪Eurostat reported that EU-U.S. trade in goods and services totaled €1.7 trillion in 2024.
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Open this photo in gallery:A worker performs final checks on the Volkswagen electric car factory floor in Emden, Germany, in February.Focke Strangmann/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountU.S. President Donald Trump said on Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25 per cent, a move that could jolt the world economy at a fragile moment.Trump said in a social media post that the EU “is not complying with our fully agreed to Trade Deal,” though he did not flesh out his objections in the post.Asked by reporters on Friday about the increase in import taxes as he departed the White House for Florida, Trump said the EU was not “as usual” adhering to last year’s trade…
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