Trump rips up EU vehicle tariff deal, raises duties to 25% on cars and lorries
Fast facts
- Category: Business
- Language: EN
- Published: 2026-05-01 15:08 UTC
- Sources: The Guardian Business
President Donald Trump announced on Friday that the United States will increase import tariffs on cars and trucks from the European Union to 25%, effectively tearing up part of the tariff agreement reached last summer in Scotland. The move was justified as a response to the EU’s slow ratification of the deal. The Guardian reports the announcement came on a public holiday in much of Europe, catching Brussels off guard.