Trump Threatens Higher Tariffs on European Cars
President Trump said he plans to increase tariffs on European cars and trucks to 25% next week, citing the European Union's non-compliance with a trade deal. The EU has moved forward with the deal, but it is still in final negotiations before ratification.
President Trump plans to increase tariffs on European cars and trucks to 25% next week. The US had lowered auto tariffs for the EU to 15% as part of a trade deal, but US officials say the EU isn't moving fast enough to implement it. The EU has pushed the deal through a key stage in the European Parliament, but it is still in final negotiations. The tariffs were issued under Section 232 of the Trade Act of 1964, a national security-related law. The European Commission did not immediately respond to a request for comment. The move comes after the Supreme Court curtailed the president's use of tariffs in February, but this decision is not affected by that ruling.
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