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Donald Trump said he would increase tariffs on EU cars to 25 per cent, attacking the bloc for not complying with the deal it struck with the US last year and escalating transatlantic trade tensions.
In a Truth Social post on Friday, the president said he would begin to impose the tariffs “next week” on all European cars and trucks entering the US. “It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” Trump wrote.
Although the Supreme Court ruled earlier this year that Trump could not use emergency powers to impose immediate levies on trading partners, the duties on cars are issued under a different legal authority and were not affected by that ruling.
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