President Donald Trump announced Friday that he will increase the tariffs on cars and trucks imported from the European Union to 25 percent, saying the policy will go into effect next week.
In a post on Truth Social, the president wrote that the tariffs are being imposed because he said the EU is failing to comply “with our fully agreed to Trade Deal” and that those import taxes will not be applied on cars and vehicles made in the United States.
“Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing,” Trump added. “These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today.”…
Trump Announces New 25 Percent Tariff on Cars and Trucks From EU
