Trump says he will hike tariffs on EU cars to 25%
BBC • • general
Key Points:
- Former President Donald Trump announced an increase in tariffs on cars and trucks imported from the European Union to 25%, up from the current 15% level set under a trade deal negotiated last July.
- Trump accused the EU of not complying with the agreed trade deal but did not provide specific details on the alleged non-compliance.
- The 15% tariff was part of a compromise that avoided a threatened 30% tariff and involved European commitments to invest in the US and boost exports.
- The tariff increase targets the European automotive industry, a significant sector for Europe, and includes a provision that vehicles produced in US plants would not face tariffs.
- The trade deal had faced tensions, including a suspension by the European Parliament due to concerns over US actions and threats, but was eventually approved with clauses allowing suspension if the US undermines the agreement.
