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Trump says he will raise tariffs on EU trucks and cars to 25% – US politics live | US news

Trump says he will raise tariffs on EU autos to 25%

Donald Trump has announced that he will be increasing tariffs on cars and trucks from the European Union to 25%.

In a post on Truth Social, the president said:

double quotation markI am pleased to announce that, 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%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing. These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today!

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Speaking to reporters on Friday, Donald Trump addressed concerns over military inventory as a result of the US’s war with Iran, saying:

double quotation mark“We have more than we’ve ever had, actually, because all over the world, we have inventory, and we can take that if we need it. But all over the world, we have tremendous amounts of inventory. The best, for instance, we’re stocked and locked and loaded right now, we have more than double what we had when this started.”

He also addressed rising fuel prices as a result of the war which have placed many American families in a financial chokehold, saying:

double quotation mark“When the war ends, gasoline prices will go down to the lowest… Our country is getting stronger and stronger… The amount of oil and gas that we’re selling now is at a level that nobody’s ever seen before.”

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