Trump Raises EU Car Tariffs to 25%

In a move likely to heighten trade tensions between the U.S. and Europe, President Donald Trump declared on Friday that tariffs on cars and trucks from the European Union would increase to 25%.

The decision comes amid claims by Trump that the EU has failed to adhere to the conditions of the existing trade agreement. He emphasized that the tariff hike could be avoided if vehicles were manufactured within U.S. borders.

Trump made this announcement through social media, citing the importance of trade compliance and domestic job creation. The new tariffs are set to take effect next week, potentially escalating the ongoing trade disputes between these major economies.

(With inputs from agencies.)