US President Donald Trump is again relying on his favorite instrument: tariffs.Image: keystone
US President Donald Trump has announced that he will increase punitive tariffs on cars and trucks from the European Union to 25 percent. The measure is due to come into force next week.
May 1, 2026, 6:30 p.mMay 1, 2026, 6:30 p.m
Trump made the announcement on his Truth Social platform. The reason he gave was that the EU was not complying with a “fully agreed trade agreement”. Vehicles produced in US factories should remain duty-free.
Trump also referred to ongoing investments in new automobile factories in the USA. Works are currently under construction in which over $100 billion will be invested. These facilities, Trump said, would employ American workers and would open soon. (mke)