US President Donald Trump announced that tariffs on cars and trucks imported from the European Union will rise to 25% starting next week, accusing the bloc of failing to comply with a trade agreement. In a post on Truth Social, Trump said vehicles manufactured in the US would be exempt, urging foreign automakers to shift production to American plants.
He claimed more than $100 billion is being invested in new auto and truck facilities nationwide, calling it a record for the industry. The move is expected to heighten trade tensions with Europe, where major automakers rely heavily on access to the US market. Trump framed the decision as part of his broader push to strengthen domestic manufacturing and reduce reliance on foreign imports.
Source: Newstimehub
