U.S. President Donald Trump announced on social media on the 1st (local time) that he would raise tariffs on EU-made cars and trucks to 25% next week, stating that the EU has not fulfilled the agreed trade agreement. President Trump emphasized that everyone agrees that cars and trucks produced in factories within the United States would be exempt from tariffs, and that numerous car and truck manufacturing plants, with investments totaling over $100 billion, are currently under construction.
