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Trump says he'll place 25% tariff on autos from EU

Trump says he'll place 25% tariff on autos from EU


Trump says he'll place 25% tariff on autos from EU

WASHINGTON — President Donald Trump said on Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25%.

Trump said in a social media post that the EU “is not complying with our fully agreed to Trade Deal.”

Trump and European Commission President Ursula von der Leyen had agreed to the trade deal last July. It set a tariff ceiling of 15% on most goods, though the Supreme Court this year ruled against the legal authority that Trump had used to charge that tax. This left Trump looking for substitute authorities, and his administration has imposed a 10% tax while investigating trade imbalances and national security issues to put in new tariffs to make up for lost revenues.