Trump says he will raise tariffs on EU autos to 25%
Trump says he will raise tariffs on EU autos to 25%
ReutersFri, May 1, 2026 at 4:03 PM UTC
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1 / 0Cars of the Volkswagen Group are waiting to be exported to the US from the seaport of EmdenCars of the Volkswagen Group intended for export to the United States are seen behind a fence at the seaport of Emden near the estuary, where the River Ems flows into the North Sea, in Emden, Germany, April 2, 2025. REUTERS/Wolfgang Rattay
WASHINGTON, May 1 (Reuters) - U.S. President Donald Trump on Friday said he would be increasing tariffs on cars and trucks from the European Union to 25%, saying the EU had not complied with its trade deal.
"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," he wrote in a social media post.
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"It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF," Trump added.
(Reporting by Daphne Psaledakis and Susan Heavey; editing by Michelle Nichols)
Source: “AOL Money”
