Trump announces 25% tariff on European cars and trucks being delivered to U.S.

Trump to raise tariffs on European cars and trucks to 25%

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 […]