U.S. to Lift Tariffs on EU Cars and Trucks to 25%

Overview

• President Donald Trump announced a 25% tariff on cars and trucks imported from the European Union, with an explicit exemption for vehicles built in the United States.
• The European Commission says it is carrying out the 2025 Turnberry understanding under normal EU lawmaking and will act to protect EU interests if Washington departs from the deal.
• EU Trade Commissioner Maros Sefcovic is scheduled to meet U.S. trade representative Jamieson Greer in Paris as both sides seek to cool the dispute.
• EU institutions have not yet finished the deal’s implementing text, and trilogue talks between the Commission, Council and Parliament are still in progress with a conclusion expected in the coming weeks.
• A separate U.S. shift on steel and aluminium tariffs now counts the total value of many goods, and an EU assessment warns that nearly half of such EU exports could face higher duties.