Trump to raise EU auto tariffs to 25%, citing noncompliance
President Donald Trump announced plans to raise tariffs on European Union car and truck imports to 25%, citing noncompliance with a previously agreed trade deal. The move contradicts the Turnberry Agreement, which set a 15% tariff ceiling, and follows a Supreme Court ruling limiting Trump's authority to impose tariffs under emergency powers. The EU has insisted the U.S. honor the agreement, warning that breaking it risks disrupting $2 trillion in annual bilateral trade.
- ▪Trump plans to raise EU auto tariffs to 25% next week.
- ▪The Turnberry Agreement set a 15% tariff ceiling on most EU goods.
- ▪A Supreme Court ruling limited Trump's authority to impose tariffs under emergency powers.
- ▪The EU estimates the deal saved its automakers $585–700 million monthly.
- ▪The EU-U.S. trade value reached $2 trillion in 2024.
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President Donald Trump speaks to reporters in the Oval Office of the White House, Thursday, in Washington. AP-YonhapWASHINGTON — President Donald Trump said Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25 percent, a move that could jolt the world economy at a fragile moment.Trump said in the post that the EU “is not complying with our fully agreed to Trade Deal,” though he did not flesh out his objections in the post.Trump and European Commission President Ursula von der Leyen had agreed to the trade deal last July. It set a 15 percent tariff on most goods.Both the U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Korea Times News.