

President Donald Trump said 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. Trump said in the 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. A trade deal, which was struck last summer, had capped the US tariff on EU autos and parts at 15 percent, which is lower than the 25-percent duty that Trump imposed on many other trading partners. But in a post on his Truth Social platform, Trump on Friday said, "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States," adding, "the Tariff will be increased to 25%". President Donald Trump on May 1, 2026 said he will hike US tariffs on cars and trucks from the European Union. © Screengrab Truth Social Trump did not give a further reason for the planned hike, but the announcement came
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