Trump Announces 25% Tariff Hike on EU Cars and Trucks

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-01 21:03:01

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US President Donald Trump revealed plans to escalate tariffs on European Union automotive imports to 25%, citing non-compliance with trade agreements. The policy shift, announced via Truth Social, exempts vehicles manufactured in US plants—a move coinciding with record investments in domestic auto production.

"These Plants, staffed with American Workers, will be opening soon—There has never been anything like what is happening in America today!" Trump declared, referencing over $100 billion in ongoing factory construction. The tariff adjustment takes effect next week, though EU trade violations prompting the decision remain unspecified.

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