00:01U.S. President Donald Trump has said he will raise tariffs on cars and trucks from the European Union to
00:0725%.
00:09In a social media post, he accused the EU of not complying with a deal agreed last year, which set
00:15a tariff for most goods at 15%.
00:17The move from the U.S. could now further jolt a global economy that's already rattled by the Iran war.
00:24Trump gave no details on what prompted the tariff increase, but the announcement comes at a particularly tense time for
00:30relations between the White House and the EU.
00:33On Thursday, Trump renewed criticism of German Chancellor Friedrich Merz, telling him to stop interfering over Iran.
00:41Germany would likely be hit hard by the increased tariffs, as the country is responsible for a significant amount of
00:47EU auto exports.
00:49The U.S. leader also referred to European allies Spain and Italy as, quote,
00:54absolutely horrible for their refusal to get involved in the Iran war.
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