Trump says U.S. will raise tariffs on EU cars and trucks to 25% next week
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The Facts
- Trump said the U.S. will increase tariffs on cars and trucks imported from the European Union to 25% beginning next week.
- Trump said he was raising the tariffs because the European Union was not complying with a previously agreed U.S.-EU trade deal.
- The current tariff rate on EU auto imports is 15%, set under a trade agreement reached last summer between the U.S. and the EU.
- Trump did not publicly specify what actions or provisions led him to say the EU was not complying with the trade deal.
- Trump said vehicles made in U.S. factories would not be subject to the tariff, linking the policy to his goal of pushing more production into the United States.
- The announcement affects European auto exporters and adds new strain to U.S.-EU trade relations, with cars described as an important industry for Europe.
- It remains unresolved how the tariff increase will be implemented legally and how the EU will respond, as some reporting noted recent court limits on other Trump tariffs and immediate criticism from European officials.
Context
What tariff rate was in place before this announcement?
The tariff on EU cars and trucks entering the U.S. was 15%, under a trade agreement reached last summer between Trump and European Commission President Ursula von der Leyen NYT,BBC,MoneyControl.
Did Trump explain how the EU violated the trade deal?
Not in detail. Trump said the EU was not complying with the agreement, but multiple reports said he did not spell out the specific basis for that accusation Aol,BBC,Indian Express.
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Wire services (10)
Independent coverage (50)
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AolTrump says he's hiking tariffs on EU cars and trucks to 25% ...
CBS NewsTrump says he's hiking tariffs on EU cars and trucks to 25%
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El EspañolTrump subirá al 25% el arancel a la importación de vehículos...
CBS NewsTrump says he's hiking tariffs on EU cars and trucks to 25%
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Le Monde.frTrump says US will hike tariffs on EU cars and trucks to 25%
The IndependentTrump says he's raising tariffs on autos from EU to 25%
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