President Donald Trump said on Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25%, a move that could jolt the world economy at a fragile moment.
President Donald Trump announced he'd be reimposing 25 percent tariffs on EU vehicles after the trade partner allegedly did not hold up its end of the two bodies' trade deal
The president of Germany's VDA auto association urged the U.S. and European Union to engage in swift talks and honour their existing trade agreement after President Donald Trump announced a tariff hike cars from the EU on Friday.
President Donald Trump announced Friday a new 25% tariff on cars and trucks imported from the European Union starting next week, appearing to restart a trade war with the EU.
U.S. President Donald Trump's announcement to increase tariffs on cars from the EU shows that the U.S. is an unreliable trading partner, EU parliament's trade committee chair Bernd Lange said on Friday.
President Donald Trump said on Truth Social that he would increase the tariff rate on EU cars and trucks to 25%. The president didn't say what authority he would use to increase the levies.
BMW i Ventures has launched a new $300 million fund with a timely thesis: AI will reshape how the automotive industry operates. And the independent venture arm of BMW AG wants to be in the driver's seat.