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Trump says he will hike tariffs on EU cars to 25%
The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.
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President Trump said the European Union "is not complying with our fully agreed to trade deal."
The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.
President Donald Trump announced plans on Friday to increase tariffs on imported cars and trucks from the European Union to pressure manufacturers to produce more automobiles in America. European cars and trucks face a 15% tariff, enacted under Section 232 of the Trade Expansion Act. Trump had previously set the tariff rate at 25% before […]