In addition to withdrawing troops from Germany, Donald Trump is escalating his trade dispute with the European Union. He says tariffs on cars and trucks will rise to 25 percent next week because the bloc is not complying. That is 10 percentage points higher than the rate agreed in a trade deal last July. The automotive sector is especially important to the EU, as car manufacturing makes up a significant part of Europe’s economy. Charlotte Lam reports.
New tariff hike could cost Germany $18BN
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Story Timeline
Wed 23:25 - The Hill
FedEx, UPS say they will give tariff refunds to customers: What to know
Thu 11:30 - The Hill
First Trump tariff refunds expected about May 11
Fri 16:01 - France 24
Trump says he will raise tariffs on EU autos to 25% for 'not complying' with trade deal
Fri 16:39 - Euronews
Trump says will raise US tariffs on EU cars to 25%, accusing bloc of not complying with deal
Fri 16:51 - Financial Times
Trump says he will raise tariff on EU vehicles to 25%
Fri 18:00 - Sky News (UK)
EU hits back at 'unacceptable' Donald Trump over plans to increase tariffs
Sat 10:01 - Politico EU
European Commission says will ‘keep our options open’ over Trump tariff threat
Sat 15:24 - France 24
New tariff hike could cost Germany $18BN