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Trump tears up EU tariff deal and raises some import duties
https://www.theguardian.com/us-news/2026/may/01/trump-tears-up-eu-tariff-deal-raises-import-duties-europeUS president says tariff on cars and lorries will rise to 25% and accuses European Union of non-compliance
Donald Trump has said he is tearing up part of the tariff deal he struck with EU leaders at his golf course in Scotland last summer, criticising Brussels for taking so long to ratify the deal.
Blindsiding Brussels late on Friday, a public holiday in much of Europe, he announced that he would be increasing tariffs on cars and lorries imported into the US from the EU from 15% to 25% from next week.
Vehicles made in the US by EU companies would be exempt from the increase, he wrote on Truth Social.
“I am pleased to announce that, based on the fact the European Union is not complying with our full 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,” Trump wrote.
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So who’s cashing in this weekend before this changes on Monday?
10 replies
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