Donald Trump said he would increase tariffs on EU cars to 25 per cent, attacking the bloc for not complying with the deal it struck with the US last year and escalating transatlantic trade tensions.
In a Truth Social post on Friday, the president said he would begin to impose the tariffs “next week” on all European cars and trucks entering the US. “It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” Trump wrote.
The move risks upending the deal struck between Washington and Brussels last summer, months after Trump had announced his “liberation day” trade war, in a sign to US allies that the president is willing to use duties on countries with which Washington has forged agreements.