Trump to raise tariffs on EU autos to 25%, accusing bloc of not complying with trade deal
President Donald Trump announced plans to raise tariffs on European Union auto imports to 25%, citing non-compliance with a previously agreed trade deal. The move follows a Supreme Court ruling that limited his authority to impose tariffs under emergency powers, prompting the administration to pursue new legal grounds for the increased rates. The European Union has maintained that the original agreement should be upheld and expects the U.S. to honor its commitments under the trade framework.
- ▪President Donald Trump plans to increase tariffs on EU cars and trucks to 25% starting next week.
- ▪The original trade agreement, known as the Turnberry Agreement, set a 15% tariff ceiling on most EU goods.
- ▪A Supreme Court ruling invalidated Trump's use of emergency powers to impose tariffs, limiting the legal basis for the initial rates.
- ▪The EU estimated the trade deal would save European automakers between 500 million and 600 million euros monthly.
- ▪The European Commission emphasized that 'a deal is a deal' and urged the U.S. to uphold its commitments.
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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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