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Trump tears up EU tariff deal and raises some import duties
Why this matters: a developing story that could shape the day's news cycle.
US president says tariff on cars and lorries will rise to 25% and accuses European Union of non-compliance Donald Trump has said he is tearing up part of the tariff deal he struck with EU leaders at his golf course in Scotland last summer, criticising Brussels for taking so long to ratify the deal.Blindsiding Brussels late on May Day bank holiday on Friday, he announced that he would be increasing tariffs on cars and lorries imported into the US from the EU from 15% to 25% from next week. Continue reading...
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