President Trump to Increase Tariffs on EU Autos to 25% Over Trade Deal Compliance Issues
President Donald Trump has announced plans to increase tariffs on European Union cars and trucks to 25%, citing non-compliance with a trade deal established last year. The agreement, known as the Turnberry Agreement, initially set a 15% tariff cap on EU auto imports. The announcement follows a Supreme Court ruling that questioned Trump's authority to impose tariffs under an economic emergency. The EU has expressed its expectation for the U.S. to honor the commitments of the trade deal, emphasizing the importance of maintaining competitive treatment for EU products.