Trump says he will hike tariffs on EU cars to 25%
Former President Donald Trump announced he will raise tariffs on cars and trucks imported from the European Union to 25%, citing non-compliance with a previously agreed trade deal without specifying details. The current tariff rate under the July agreement is 15%, which had been a reduction from earlier threatened rates. The EU had conditionally approved the deal, including provisions allowing suspension if the U.S. undermined its terms or threatened member states' sovereignty.
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Trump says he will hike tariffs on EU cars to 25% Just nowShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesDonald Trump is increasing the tariffs charged on cars and trucks from the European Union to 25%.The US president accused the EU of "not complying with our fully agreed to trade deal" in a post on Truth Social, but did not explain how."I am pleased to announce that… next week I will be increasing Tariffs charged to the European Union for Cars and Trucks," Trump said on Friday.The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.The trade deal agreed between the EU and US, at Trump's Turnberry golf course in Scotland, set levies on most European goods at 15%.It was a reprieve for the EU from…
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