U.S. President Donald Trump on Friday announced plans to increase tariffs on cars and trucks imported from the European Union to 25%, alleging that the bloc had failed to comply with a previously agreed trade deal.
In a social media post, Trump stated that the tariff hike would take effect next week, emphasizing his administration’s dissatisfaction with the EU’s adherence to the agreement.
“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 wrote.
Trump also noted that vehicles manufactured within the United States would not be subject to the tariffs.
“It is fully understood and agreed that, if they produce cars and trucks in U.S.A. plants, there will be no tariff,” he added.
The announcement signals a potential escalation in trade tensions between the United States and the European Union, particularly in the automotive sector.