US President Donald Trump has announced that the United States will increase import tariffs on cars and trucks imported into the US market from the European Union to 25%, effective next week.
“I am pleased to announce that because the European Union is not fully implementing the trade agreement we negotiated, I will be increasing tariffs on EU-made cars and trucks imported into the US, effective next week.
The tariff rate will be increased to 25%“, he wrote on Truth Social.
This decision is part of Trump's broader strategy to protect American manufacturing and reduce the trade deficit.
The rate will be increased to 25% for cars and trucks.
Trump justified the decision with the need for "fair trade", claiming that European tariffs on American goods are disproportionately high.
The measure is expected to seriously affect major European automakers (especially German brands such as Volkswagen, BMW and Mercedes-Benz), for which the United States is a key market.
The increase is expected to take effect within the next week.