US President Donald Trump has announced plans to raise tariffs on cars and trucks imported from the European Union to 25%, saying the bloc was “not complying with our fully agreed to Trade Deal”.

In a post on Truth Social on Friday (1 May), Trump said the increased tariffs would take effect “next week” and apply to European vehicles entering the United States. He added that manufacturers producing vehicles at “U.S.A. Plants” would face “NO TARIFF”.

Trump also pointed to what he described as growing domestic investment in the US automotive sector, stating that “over 100 Billion Dollars” was being invested in new vehicle manufacturing facilities. He said the projects, staffed by “American Workers”, represented “a record in the history of car and truck manufacturing”.

The announcement signals renewed US-EU trade tensions amid ongoing disagreements over tariffs, industrial policy and market access.

ℹ️ Financial Times

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