economy
May 2, 2026
Trump hikes tariffs on European cars
US President Donald Trump has said he is hiking tariffs on European automotive industry products over alleged non-compliance with the US-EU trade deal
TL;DR
- US President Donald Trump announced a 10% increase in tariffs on EU-made cars and trucks, bringing the total to 25%.
- Trump cited the EU's alleged non-compliance with a trade deal reached last summer as the reason for the tariff hike.
- He encouraged European carmakers to relocate manufacturing to the US to avoid the increased tariffs.
- The trade deal has not been fully ratified by the EU, requiring approval from the EU Parliament, Commission, and council of leaders.
- EU officials expressed dismay and hinted at retaliation, with one stating it is 'no way to treat close partners.'
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