Trump escalates US-EU tariff row by raising auto duties to 25%

1 min read
Source: The Guardian
Trump escalates US-EU tariff row by raising auto duties to 25%
Photo: The Guardian
TL;DR Summary

Trump announced he will raise tariffs on EU-made cars and trucks from 15% to 25% next week, exempting vehicles assembled in the US by EU companies and effectively scrapping part of the Turnberry deal. The move drew swift criticism from EU lawmakers and complicates a still-pending ratification process, as the EU vows to defend its interests and pursue diplomatic responses while broader US-EU tariff tensions continue in the backdrop (including steel tariffs and related policy signals).

Share this article

Reading Insights

Total Reads

0

Unique Readers

21

Time Saved

3 min

vs 4 min read

Condensed

89%

70376 words

Want the full story? Read the original article

Read on The Guardian