WASHINGTON — President Trump announced Friday he would soon raise tariffs to 25% on vehicles imported from the European Union, claiming the bloc was non-compliant with its US trade deal.
“I am pleased to announce that, 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,” he said in a post to Truth Social.
Companies that build vehicles in the United States will be exempt from the tariff, he added.
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“Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing,” Trump claimed.
“These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today!”
