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bbc_business may 01, 2026

Trump says he will hike tariffs on EU cars to 25%

Trump announces plan to increase tariffs on EU cars to 25%.

impact+0.80 sentiment-0.40 n=3
trump said friday he's raising tariffs on eu cars and trucks to 25%, starting next week. he posted on truth social that the eu "is not complying with our fully agreed to trade deal" but didn't explain how. car manufacturing is a big part of europe's economy, making this a sensitive target. the eu-us trade deal, agreed last july, had stalled over steel and aluminium disputes. germany and france had rejected us plans to adjust tariffs on a wider range of goods. trump urged european carmakers to move production to the us instead, saying if they build plants there, there will be "no tariff." the 25% hike is a separate action from trump's "liberation day" tariffs, which the supreme court later ruled illegal. those tariffs fell under a different legal process, so this new round isn't affected by that ruling.
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