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Trump says he's hiking tariffs on EU cars and trucks to 25%
President Trump said the European Union "is not complying with our fully agreed to trade deal."
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The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.
President Trump said the European Union "is not complying with our fully agreed to trade deal."
President Trump announced Friday he is increasing tariffs on the European Union, accusing the bloc of not complying with its trade deal with the U.S. In a Truth Social post, Trump said that starting next week, he will increase the tariffs on cars and trucks coming into the U.S. from the EU to 25 percent. …
The agreement was notably lower than a 30-percent tariff the president had threatened.