Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Elon Musk loses trillionaire status as SpaceX and Tesla stock drops | Elon Musk

    ‘Horrific’ maternity care failings at Nottingham NHS trust prompt calls for public inquiry | NHS

    Trump says he’s ordered investigation into oil companies over alleged price gouging | Donald Trump

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) YouTube LinkedIn
    Naija Global News |
    Wednesday, June 24
    • Business
    • Health
    • Politics
    • Science
    • Sports
    • Education
    • Social Issues
    • Technology
    • More
      • Crime & Justice
      • Environment
      • Entertainment
    Naija Global News |
    You are at:Home»Business»Trump tears up part of EU tariff deal to raise import duties on cars and lorries | Trump tariffs
    Business

    Trump tears up part of EU tariff deal to raise import duties on cars and lorries | Trump tariffs

    onlyplanz_80y6mtBy onlyplanz_80y6mtMay 1, 2026004 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Trump tears up part of EU tariff deal to raise import duties on cars and lorries | Trump tariffs
    The deal agreed last year reduced tariffs on EU cars to 15% from a proposed 50% Photograph: Krisztian Bocsi/Getty Images
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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 Friday, a public holiday in much of Europe, 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.

    Vehicles made in the US by EU companies would be exempt from the increase, he wrote on Truth Social.

    “I am pleased to announce that, based on the fact the European Union is not complying with our full 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,” Trump wrote.

    In a follow-up comment, he said – appearing to refer to EU promises of investments – that “many automobile and truck plants are currently under construction with 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing. These Plants, staffed with American Workers will be Opening Soon.”

    The EU parliament’s international trade committee chair, the German MEP Bernd Lange, said:“This latest move demonstrates just how unreliable the US side is. This is no way to treat close partners.

    “Now we can only respond with the utmost clarity and firmness, drawing on the strength of our position.”

    Although the European parliament voted at the end of March to progress the deal, it still has not been formally signed off in what is known as the “trilogue” process, involving signatures from the European Commission, the European Council of EU leaders and the parliament.

    The EU is likely to launch an intense diplomatic campaign to bring the deal back from the brink.

    The commission did not comment specifically on the increased auto tariff, instead declaring it remained committed to last year’s deal and would keep its “options open to protect EU interests.”

    The latest tariff development comes as Trump threatened to withdraw US troops from Italy and Spain, a day after saying he was looking at reducing the number deployed in Germany.

    Asked late on Thursday if he would consider pulling US troops out of Italy and Spain, he told reporters: “Probably … look, why shouldn’t I? Italy has not been of any help to us and Spain has been horrible, absolutely horrible.”

    His announcement on tariffs also comes a week after the European Commission vice-president, Maroš Šefčovič, made a three-day trip to Washington, meeting all the relevant senior figures in Trump’s administration, including the commerce secretary, Howard Lutnick, the US trade representative, Jamieson Greer, and the treasury secretary, Scott Bessent. It was the first trip Šefčovič had made since the July EU-US tariff deal was signed.

    The news also comes weeks after the European parliament voted to ratify the deal, having twice paused the formal process.

    In January MEPs formally suspended the process in protest at Trump’s threat to take over Greenland from Denmark, and in February the parliament paused the voting procedure following an adverse US supreme court ruling.

    Although the 15% tariff deal was ruled illegal by the supreme court earlier this year, the tax on cars was imposed under separate legislation known as section 232 of the Trade Expansion Act.

    The Turnberry deal in Scotland agreed a 15% tariff on imports from the EU on most goods, including cars, which were then facing tariffs of 50% on exports to the US.

    Following heavy lobbying from the EU, the German car manufacturers and words from the German chancellor, Friedrich Merz, Trump relented, agreeing to include cars in the 15% baseline all-inclusive tariff rate.

    But 50% tariffs on steel continued and, as a quid pro quo, the EU agreed to buy $750bn of energy from the US and make $600bn investment in the US.

    A European Commission spokesperson said: “The EU is implementing its joint statement commitments in line with standard legislative practice, keeping the US administration fully informed throughout. We maintain close contact with our counterparts, including as we also seek clarity on US commitments.

    “We remain fully committed to a predictable, mutually beneficial transatlantic relationship. Should the US take measures inconsistent with the joint statement, we will keep our options open to protect EU interests.

    cars deal Duties import lorries part raise tariff Tariffs Tears Trump
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleNew Nasdaq rules offer SpaceX free liquidity
    Next Article US court blocks mail-order access to abortion drugs, for now | Abortion
    onlyplanz_80y6mt
    • Website

    Related Posts

    Elon Musk loses trillionaire status as SpaceX and Tesla stock drops | Elon Musk

    June 24, 2026

    Trump says he’s ordered investigation into oil companies over alleged price gouging | Donald Trump

    June 24, 2026

    Senate Rebukes Trump in Vote to Check His War Powers in Iran

    June 24, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    The science influencers going viral on TikTok to fight misinformation

    February 17, 20262 Views

    Watch Lady Gaga’s Perform ‘Vanish Into You’ on ‘Colbert’

    September 9, 20251 Views

    Advertisers flock to Fox seeking an ‘audience of one’ — Donald Trump

    July 13, 20251 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    At Chile’s Vera Rubin Observatory, Earth’s Largest Camera Surveys the Sky

    By onlyplanz_80y6mtJune 19, 2025

    SpaceX Starship Explodes Before Test Fire

    By onlyplanz_80y6mtJune 19, 2025

    How the L.A. Port got hit by Trump’s Tariffs

    By onlyplanz_80y6mtJune 19, 2025

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    The science influencers going viral on TikTok to fight misinformation

    February 17, 20262 Views

    Watch Lady Gaga’s Perform ‘Vanish Into You’ on ‘Colbert’

    September 9, 20251 Views

    Advertisers flock to Fox seeking an ‘audience of one’ — Donald Trump

    July 13, 20251 Views
    Our Picks

    Elon Musk loses trillionaire status as SpaceX and Tesla stock drops | Elon Musk

    ‘Horrific’ maternity care failings at Nottingham NHS trust prompt calls for public inquiry | NHS

    Trump says he’s ordered investigation into oil companies over alleged price gouging | Donald Trump

    Recent Posts
    • Elon Musk loses trillionaire status as SpaceX and Tesla stock drops | Elon Musk
    • ‘Horrific’ maternity care failings at Nottingham NHS trust prompt calls for public inquiry | NHS
    • Trump says he’s ordered investigation into oil companies over alleged price gouging | Donald Trump
    • Want to continue living at home as you age? Here’s what to consider | Well actually
    • Bahraini award to UK envoy shows ‘our diplomats are up for grabs’, says peer | Bahrain
    © 2026 naijaglobalnews. Designed by Pro.
    • About Us
    • Disclaimer
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.