Trump, Tariffs
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Tariff hike announced: Trump will raise tariffs on European cars and trucks to 25% next week, citing EU noncompliance with the Turnberry trade deal. Court setback: A U.S. trade court blocked Trump’s 10% global tariffs, ruling he overstepped legal ...
WASHINGTON — President Trump announced Friday he would soon raise tariffs to 25% on vehicles imported from the European Union, claiming the bloc was non-compliant with its US trade deal. “I am pleased to announce that,
President Trump's threatened EU automotive tariff increase would come as imports tumbled last year and so far this year, affecting a number of U.S. seaports.
BERLIN, May 2 (Reuters) - The tariff hike on cars and trucks from the European Union announced by U.S. President Donald Trump could cost Germany nearly 15 billion euros ($17.58 billion) in output, an economic institute told Reuters on Saturday.