American President Donald Trump announced through his social media platform, Truth Social, that he will impose a 25% increase in tariffs on cars and trucks imported from the European Union, starting next week. This decision comes as a result of the claim that the EU is not adhering to the agreed trade agreement. Trump specified that the measure will exclude manufacturers who produce their vehicles on American soil, emphasizing that there will be no tariffs for them. He highlighted that currently, numerous auto factories are under construction in the U.S., with investments exceeding 100 billion dollars, a historic record for the auto sector. The decision could have a significant impact on major European automakers, such as Volkswagen AG, Mercedes-Benz Group AG, and BMW AG, which rely heavily on the American market.
Sources
Latest News
23:05
Rareș Bogdan: 25 Liberals Support the Luca Niculescu Government, and the Number Could Reach 27–28
22:44
Russia attacked Kharkiv's energy infrastructure after Trump's announcement regarding the energy truce
22:20
The US threatens to halt Ukraine’s arms purchases if attacks on Russia’s energy infrastructure continue
22:04
Emmanuel Macron supports the energy ceasefire between Russia and Ukraine
21:44
Raphaël Glucksmann to run in France’s presidential election / He won the left’s primary by a wide margin
See more news