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Trump to impose tariffs on cars, trucks from European Union
The agreement was notably lower than a 30-percent tariff the president had threatened.
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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.
The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.