Trump announces tariff increase on EU vehicles to 25%
Business & Economy
May 01, 19:27
The European Union is not complying with a fully agreed to trade deal, the US president said
WASHINGTON, May 1. /TASS/. Starting next week, the United States will raise tariffs on autos from the European Union to 25%, US President Donald Trump announced.
"I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to trade deal, next week I will be increasing tariffs charged to the European Union for cars and trucks coming into the United States. The tariff will be increased to 25%," the US leader posted on his Truth Social platform on Friday.