Trump to Raise Tariffs on EU Cars and Trucks to 25% Next Week

Overview

• Trump, who announced the change Friday on Truth Social, said the increase to 25% will take effect next week because the European Union has not honored a trade deal.
• He said vehicles built in the United States by European brands would be exempt from the higher rate.
• The administration is invoking a trade authority that differs from the emergency powers the Supreme Court limited earlier this year.
• Officials have not released formal implementation steps or regulatory notices, and the European Union has not issued an official response.
• Trump tied the policy to U.S. industrial goals and pointed to more than $100 billion being invested in new auto and truck factories.