WASHINGTON – President Donald Trump announced Friday his administration will impose 25% tariffs on automobiles and trucks imported from European Union countries, citing alleged violations of existing trade agreements.
The president made the announcement through a social media post, stating the new tariffs will take effect next week. “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,” Trump wrote in his post.
The president also clarified that European automakers could avoid the tariffs by manufacturing their vehicles domestically. “It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” Trump added in his social media statement.
The announcement comes amid ongoing trade tensions between the United States and European Union partners.
