

WASHINGTON (AP) — 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%, a move that could jolt the world economy at a fragile moment. Watch Trump's full remarks to reporters in the video player above. Trump said in a social media post that the EU "is not complying with our fully agreed to Trade Deal," though he did not flesh out his objections in the post. READ MORE: Trump says he's lifting certain tariffs on Scotch whisky after royal visit Asked by reporters on Friday about the increase in import taxes as he departed the White House for Florida, Trump said the EU was not "as usual" adhering to last year's trade framework, without detailing the source of the tension. He added that he believed the shift to higher tariffs "forces them to move their factory production much faster" to the U.S. 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
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