Trump hikes EU auto tariffs to 25% citing trade deal breach
US President Donald Trump on Friday, 1 May announced he has raised tariffs on cars and trucks imported from the European Union to 25 per cent, accusing the bloc of failing to honour an existing trade agreement. The move signals a fresh escalation in US-EU trade tensions, particularly in the automotive sector, which has long been a flashpoint in transatlantic economic relations.
The Tariff Hike and Its Rationale
Trump made the announcement before departing on Marine One, telling reporters:
