Trump Threatens 25% Tariff On EU Autos

WASHINGTON (AP) — The head of the European Parliament trade committee calls President Donald Trump’s tariff hike on European Union automobiles “unacceptable.” Committee Chair Bernd Lange says the Trump administration “keeps breaking its commitments,” including on import taxes for steel and aluminum products. Trump said Friday he’ll increase the tariffs charged on cars and trucks from the EU next week to 25%, which could jolt the world economy. The Republican president says the EU is not complying with a fully agreed to trade deal, though he hasn’t fleshed out his objections. Trump and European Commission President Ursula von der Leyen had agreed to the trade deal last July. It set a 15% tariff on most goods.