US Edition
Trump says he’ll place 25% tariff on autos from EU, accusing bloc of not complying with trade deal
Trump said the higher levies would push European automakers to shift production to U.S. plants faster.
- On Friday, President Donald Trump announced the United States will raise tariffs on European Union cars and trucks to 25% starting next week, citing the European Union's failure to comply with the 2025 Trade Deal.
- The 2025 Turnberry Agreement previously capped tariffs at 15% in exchange for European commitments to increase United States investment, but implementation has lagged as Trump pursues broader tariff actions.
- European manufacturers, including BMW, Mercedes-Benz, Volkswagen, and Stellantis, face increased pressure from these duties; Trump explicitly ties the new 25% levy to onshoring, stating that European brands building vehicles within United States plants will face zero additional tariff.
- Industry analysts warn that returning to 25% could increase costs, disrupt transatlantic supply chains, and invite retaliation; following the announcement, Ferrari shares fell one day after Vanguard added to their position.
- The Supreme Court ruled earlier this year that the president lacked authority to declare economic emergencies for such tariffs, while the European Commission maintains the European Union expects the United States to honor commitments in the Joint Statement.
383 Articles
383 Articles
Donald Trump wants to significantly increase the tariffs on car imports from the EU. The step to 25 percent creates strong reactions in Brussels and could further exacerbate the transatlantic trade dispute.
According to experts, the additional import duties on cars and lorries from the EU announced by US President Donald Trump are particularly hard on Germany. The planned increase to 25 percent can be interpreted as "beginning an economic war against Germany", explained auto expert Ferdinand Dudenhöffer on Saturday. The German automotive industry association VDA described Trump's announcement as a "renewed and serious burden on transatlantic relati…
"We have concluded an excellent trade agreement, but the European Union has not respected it, so we have increased by 25% customs duties on all au...
Trump threatens higher tariffs on European cars
President Donald Trump said Friday that he planned to increase tariffs on European cars and trucks because the European Union was not complying with a trade deal agreed to with the United States. The post Trump threatens higher tariffs on European cars appeared first on Hawaii Tribune-Herald.
The US wants to raise import tariffs on cars and trucks from the EU to 25 percent, President Trump claims, because the EU is allegedly not adhering to the trade deal. Does he have a point? What does this mean? And does Europe have a counter-move up its sleeve? Five questions for Professor of International Economics Jan Van Hove (KU Leuven).
Coverage Details
Bias Distribution
- 38% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
