U.S. President Donald Trump has announced plans to raise tariffs on cars and trucks imported from the European Union to 25%, escalating trade tensions across the Atlantic.
Trump accused the EU of failing to comply with a previous trade agreement, warning that Washington would take decisive action to protect American industries.
The move, set to take effect next week, is expected to hit European automakers hard and could trigger retaliatory measures, raising concerns of a renewed trade standoff between the U.S. and its key allies.
Analysts say the tariff hike may disrupt global supply chains and impact vehicle prices, as markets brace for another round of economic friction between two of the world’s largest trading partners.
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