Trump Says US to Raise Tariff Rate on EU Cars, Trucks to 25%
Bloomberg
Last updated: May 2, 2026
President Donald Trump announced an increase in tariffs on cars and trucks imported from the European Union to 25%. This decision stems from his assertion that the EU has not fully adhered to a previously negotiated trade agreement with the United States.
- The United States government has proposed doubling tariffs on European Union-imported cars and trucks to 25%.
- President Trump stated that this action is a response to the EU's alleged non-compliance with a trade agreement previously reached with the US.
- The proposed tariff hike indicates a significant escalation in trade tensions between the US and the EU.
- The move specifically targets vehicles, suggesting a focus on sectors deemed strategically important or where trade imbalances are perceived.
- This policy shift could have substantial economic implications for both the automotive industry and consumers on both sides of the Atlantic.
- The EU has previously expressed concerns over US trade policies, and this action is likely to provoke further retaliatory measures.
- The statement emphasizes the President's intent to enforce trade terms as he sees fit, using tariffs as a primary tool.
