The EU just fired back at Trump. His response? 25% tariffs on European cars. Next week. Trump announced the move after accusing the EU of "not complying" with a trade deal. His message to automakers? Move production to the US, or pay up.
"If they produce cars and trucks in USA plants, there will be NO TARIFF," Trump posted on Truth Social. But Bernd Lange, the EU parliament's trade chair, wasn't having it.
"This latest move demonstrates just how unreliable the US side is," Lange said. "We have already witnessed these arbitrary attacks from the US in the case of Greenland. This is no way to treat close partners."
The EU insists it's honoring the deal struck last year, which imposed 15% tariffs on most EU goods and averted a bigger trade war. Lange claims the US has repeatedly breached it — citing 400+ steel and aluminum products now taxed at an average 26%.
Wall Street reacted fast. Ford dropped 2%. Stellantis fell 1.7%. General Motors slid 1.5%. Trump says the tariffs will force European automakers to build factories in the US faster. The EU says the US is unreliable.
The trade war isn't over. It's just getting hotter. 🚗🇪🇺🇺🇸
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