- Former US President Donald Trump announced via social media that tariffs on European Union cars and trucks will rise to 25% next week.
- The policy exempts vehicles produced in U.S. plants, which Trump claims are receiving over $100 billion in new investment.
- Trump cited the EU’s non-compliance with a previous trade deal, though he did not specify details for his objection.
- The planned increase contradicts a 15% tariff framework agreed upon with the EU in July, which also included a $750 billion energy purchase agreement.
In a significant policy pivot, former President Donald Trump declared on his Truth Social platform Friday that tariffs on European Union vehicles will jump to 25% starting next week. This announcement directly challenges a trade framework established last year with European Commission President Ursula von der Leyen.
However, Trump clarified that this tariff will not apply to vehicles manufactured within U.S.A. Plants. He stated, “It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF.”
Consequently, he framed the move as an incentive for foreign automakers to accelerate their relocation of factory production to the United States. Trump highlighted massive investments, claiming “over 100 Billion Dollars being invested” in new American automotive plants.
Meanwhile, Trump justified the hike by asserting the European Union “is not complying with our fully agreed to Trade Deal.” He reiterated this point to reporters at the White House, stating the EU was not adhering “as usual” to last year’s agreement.
This planned escalation marks a stark reversal from the July deal, which set tariffs at 15 percent for European goods. That earlier agreement also secured a commitment for the EU to purchase $750 billion worth of American energy.
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