Submission + - Trump Tears Up Part Of EU Tariff Deal To Raise Import Duties On Cars And Lorries
hcs_$reboot writes: Trump has unilaterally raised U.S. tariffs on EU cars and trucks from 15% to 25%, effectively tearing up part of a 2025 transatlantic trade deal, claiming the EU failed to implement it fast enough.
The move blindsided European officials, who say they were still completing the formal ratification process and accuse Washington of acting unpredictably.
The higher tariffs, set to take effect within days, exempt vehicles built in U.S. factories and are intended to pressure European automakers to shift production stateside.
EU leaders have condemned the decision as a breach of trust and are weighing retaliation, raising the risk of a renewed transatlantic trade conflict.
The move blindsided European officials, who say they were still completing the formal ratification process and accuse Washington of acting unpredictably.
The higher tariffs, set to take effect within days, exempt vehicles built in U.S. factories and are intended to pressure European automakers to shift production stateside.
EU leaders have condemned the decision as a breach of trust and are weighing retaliation, raising the risk of a renewed transatlantic trade conflict.