Trump threatens 25% tariffs on EU cars, accuses bloc of violating trade deal
President Donald Trump warned he could raise tariffs on European Union-made cars and trucks to 25%, accusing the EU of violating a trade agreement the bloc says lost its legal basis after a U.S. Supreme Court decision.
President Donald Trump threatened to increase tariffs on European Union cars and trucks to 25%, saying the EU violated a trade agreement. The EU contends the agreement lost its legal foundation after a U.S. Supreme Court ruling. The move could raise auto prices and escalate trade tensions between the U.S. and the EU.