President Donald Trump on Friday announced that he would raise tariffs on European cars and trucks to 25%, asserting that the bloc was not complying with its trade deal with the U.S.”I am pleased to announce that, 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 posted on Truth Social. “The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF.”
“Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing,” he added. “These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today! Thank you for your attention to this matter.”
Trump secured a 15% tariff on European goods as part of a trade deal with the European Union that he negotiated last year.
“We are agreeing that the tariff straight-across for automobiles and everything else will be a straight-across tariff of 15%,” Trump said at the time. “They’re going to purchase $750 billion worth of energy, so that’s going to be great, and $600 billion of investments into the United States over and above what they have.”
Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.
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