The China Mail - Trump says will raise US tariffs on EU cars to 25%

USD -
AED 3.672506
AFN 63.000028
ALL 81.833512
AMD 369.022152
ANG 1.790403
AOA 913.115991
ARS 1429.4945
AUD 1.41603
AWG 1.8025
AZN 1.699323
BAM 1.687089
BBD 2.017174
BDT 122.938906
BGN 1.69088
BHD 0.377743
BIF 2994.099786
BMD 1
BND 1.284073
BOB 6.920735
BRL 5.076101
BSD 1.001557
BTN 94.807122
BWP 13.437361
BYN 2.772827
BYR 19600
BZD 2.014241
CAD 1.39977
CDF 2321.000413
CHF 0.79506
CLF 0.022625
CLP 890.459878
CNY 6.76055
CNH 6.761855
COP 3491.5
CRC 455.637457
CUC 1
CUP 26.5
CVE 95.393911
CZK 20.8419
DJF 178.341147
DKK 6.45075
DOP 58.450332
DZD 133.11504
EGP 50.351398
ERN 15
ETB 161.465028
EUR 0.86305
FJD 2.215899
FKP 0.746148
GBP 0.746104
GEL 2.65503
GGP 0.746148
GHS 11.225001
GIP 0.746148
GMD 72.502537
GNF 8774.999588
GTQ 7.634911
GYD 209.537036
HKD 7.833185
HNL 26.781794
HRK 6.502198
HTG 130.901343
HUF 302.411029
IDR 17715.1
ILS 2.902595
IMP 0.746148
INR 94.60065
IQD 1312.004278
IRR 1375752.480717
ISK 124.619676
JEP 0.746148
JMD 158.757133
JOD 0.708983
JPY 160.076015
KES 129.469744
KGS 87.450175
KHR 4010.00021
KMF 425.000205
KPW 900.00035
KRW 1512.445049
KWD 0.30818
KYD 0.834674
KZT 490.263143
LAK 22025.000132
LBP 89550.000097
LKR 333.00411
LRD 182.174996
LSL 16.220241
LTL 2.95274
LVL 0.60489
LYD 6.38034
MAD 9.27225
MDL 17.421534
MGA 4161.113771
MKD 53.20416
MMK 2099.090156
MNT 3576.689019
MOP 8.081808
MRU 40.059658
MUR 47.389933
MVR 15.450175
MWK 1736.999668
MXN 17.22355
MYR 4.060502
MZN 63.909938
NAD 16.200318
NGN 1359.210195
NIO 36.859244
NOK 9.554305
NPR 151.694838
NZD 1.721185
OMR 0.384497
PAB 1.001488
PEN 3.406109
PGK 4.386419
PHP 60.332041
PKR 278.643756
PLN 3.67035
PYG 6132.175158
QAR 3.651232
RON 4.517904
RSD 101.277962
RUB 72.451552
RWF 1471.289751
SAR 3.752194
SBD 8.045573
SCR 12.660358
SDG 600.499619
SEK 9.41237
SGD 1.28293
SHP 0.746601
SLE 24.649759
SLL 20969.503664
SOS 572.350346
SRD 37.517986
STD 20697.981008
STN 21.134172
SVC 8.763273
SYP 110.532098
SZL 16.196773
THB 32.603045
TJS 9.284125
TMT 3.51
TND 2.93113
TOP 2.40776
TRY 46.295399
TTD 6.798097
TWD 31.578029
TZS 2629.998024
UAH 44.900392
UGX 3720.444763
UYU 40.61969
UZS 11997.809013
VES 581.95784
VND 26285
VUV 119.50104
WST 2.743493
XAF 565.843581
XAG 0.014375
XAU 0.000232
XCD 2.70255
XCG 1.805015
XDR 0.703697
XOF 565.824057
XPF 102.872867
YER 238.618606
ZAR 16.215013
ZMK 9001.195535
ZMW 17.605527
ZWL 321.999592
  • CMSC

    0.0100

    22.34

    +0.04%

  • NGG

    -0.2700

    81.57

    -0.33%

  • BP

    -1.1900

    41.59

    -2.86%

  • CMSD

    0.0600

    22.32

    +0.27%

  • BCE

    -0.2369

    24.04

    -0.99%

  • RIO

    0.5400

    105.89

    +0.51%

  • GSK

    -0.8100

    52.23

    -1.55%

  • AZN

    -1.4800

    177.27

    -0.83%

  • BTI

    -1.2600

    61.06

    -2.06%

  • BCC

    0.4500

    71.59

    +0.63%

  • RBGPF

    2.1500

    62.87

    +3.42%

  • RYCEF

    1.0700

    18.11

    +5.91%

  • JRI

    0.1135

    12.78

    +0.89%

  • RELX

    -0.9000

    32.84

    -2.74%

  • VOD

    -0.5300

    15

    -3.53%

Trump says will raise US tariffs on EU cars to 25%
Trump says will raise US tariffs on EU cars to 25% / Photo: © AFP/File

Trump says will raise US tariffs on EU cars to 25%

President Donald Trump said Friday that he will hike US tariffs on cars and trucks from the European Union next week, charging that the bloc is not complying with an earlier trade deal.

Text size:

The pact, which was struck last summer, had capped the US tariff on EU autos and parts at 15 percent, which is lower than the 25-percent duty that Trump imposed on many other trading partners.

These sector-specific duties were not affected by a Supreme Court ruling earlier in the year that struck down a swath of Trump's global levies.

But the US leader said Friday: "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."

"The Tariff will be increased to 25%," he wrote on his Truth Social platform.

Reacting to the announcement, a European Commission spokesperson told AFP: "Should the US take measures inconsistent with the joint statement, we will keep our options open to protect EU interests."

The spokesperson added that the bloc is implementing its commitments "in line with standard legislative practice" and keeping the Trump administration updated during this process.

Last July, the EU had laid the groundwork for possible retaliation if talks with Washington fell through -- preparing a list of US goods that could be targeted.

Trump did not say Friday how he believed the EU is failing to live up to their trade deal, or give a further reason for the planned hike.

- Conditional approval -

In late March, EU lawmakers gave their green light to the bloc's tariff deal with Trump, but with conditions.

A large majority of EU lawmakers agreed to cut EU tariffs on some US imports, as a first step towards implementing the 2025 deal, but they also sought additional safeguards.

Although the European Parliament has given its conditional approval to the EU-US trade pact, before the deal is implemented by the bloc, it still needs to be negotiated with EU states.

The new threat on European cars "explain why many small businesses expect to be cautious" with Trump's tariffs, said Dan Anthony, who heads "We Pay the Tariffs," a coalition of nearly 1,200 small businesses.

"You never know what might trigger the next tariff threat," Anthony added in a statement.

Trump's latest announcement also came a day after his renewed criticism of German Chancellor Friedrich Merz. Trump told Merz to focus on ending the Ukraine war instead of "interfering" on Iran.

Germany would likely be hit hard by a sharp tariff on cars and parts, as it is responsible for a significant amount of EU auto exports.

In April, EU trade chief Maros Sefcovic was in Washington to meet with counterparts including US Commerce Secretary Howard Lutnick and trade envoy Jamieson Greer.

At the time, he said that the EU was also seeking more progress in easing the effects of still-steep US steel tariffs, adding that talks were going in a positive direction.

The United States is the second largest market for new EU vehicle exports, after the United Kingdom, according to a 2025 fact sheet by the European Automobile Manufacturers' Association.

Over a fifth of EU vehicle exports went to the United States.

Germany alone exported some 450,000 vehicles to the United States in 2024, according to the VDA industry group. But that figure has since slipped.

J.Thompson--ThChM