U.S. President Donald Trump said on Wednesday that his administration will soon announce a 25 per cent tariff on imports from the European Union.
- Read: EU vows ‘firm and immediate’ response to Trump’s 25% tariff plan
“We have made a decision, and we’ll be announcing it very soon, and it’ll be 25 per cent generally speaking, and that’ll be on cars, and all of the things,” Trump told reporters during a meeting of his cabinet.
The EU imposes a 10 per cent tariff on passenger cars, four times the rate of the U.S. passenger car tariff of 2.5 per cent. U.S. officials have also complained about European value-added taxes of at least 17.5 per cent.
Discover more from
Subscribe to get the latest posts sent to your email.
Be the first to comment