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Trump says he will raise tariff on autos from European Union to 25%
Key takeaways
- “It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A.
- Trump told reporters at the White House the higher tariff would force European car makers to move their factory production to the US more quickly.
- So I raised the tariffs on cars and trucks to 25%, that’s billions of dollars coming into the United States, and it forces them to move their factory production much faster.”
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google US President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25% next week, saying the bloc had not complied with its trade deal with Washington.
“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,” he wrote in a social media post.
“It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF.”
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