Trump Hikes EU Car Tariffs, EU Warns of Retaliation
Global News Today | 2 Min News | The Daily News Now!
- Published
- May 1, 2026
- Duration
- 1:11
- Summary source
- description
- Last updated
- May 1, 2026
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Summary
Trump Hikes EU Car Tariffs to 25%, Escalating Trade Tensions President Trump announces a 25% tariff on EU cars and trucks, a significant increase from the current 15%. This move is a response to the EU not adhering to their trade deal. The tariffs stem from a deal made last year at Trumps Turnberry golf course, where he agreed to back off from threatening…
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Trump Hikes EU Car Tariffs to 25%, Escalating Trade Tensions President Trump announces a 25% tariff on EU cars and trucks, a significant increase from the current 15%. This move is a response to the EU not adhering to their trade deal. The tariffs stem from a deal made last year at Trumps Turnberry golf course, where he agreed to back off from threatening 30% tariffs in exchange for EU investment in the US and policy changes to aid American exports. Tensions escalated earlier this year when Trum
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