Trump threatens 25% tariff on EU‑made vehicles, demanding domestic production
Fast facts
- Category: Business
- Language: EN
- Published: 2026-05-01 14:47 UTC
- Sources: Financial Times
President Donald Trump announced plans to raise tariffs on cars and trucks imported from the European Union to 25% unless manufacturers move production to the United States. The move is positioned as a push for American jobs and a response to perceived trade imbalances. Financial Times reported the statement.
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