Topline
President Donald Trump announced Friday a new 25% tariff on cars and trucks imported from the European Union starting next week, appearing to restart a trade war with the EU.
Key Facts
Trump said he was implementing the tariffs because “the European Union is not complying with our fully agreed to Trade Deal,” he wrote on Truth Social, adding that vehicles produced in the U.S. will not be subject to the levy.
The U.S. agreed to a 15% tax on most EU products in July in exchange for getting rid of tariffs on industrial goods.
Top European Exporters Of Vehicles To The U.s.
Germany: $26 billion
Slovakia: $6.3 billion
Italy: $4 billion
Sweden: $4 billion
Austria: $1.8 billion
Hungary: $1.8 billion
Belgium: $1.4 billion
France: $611 million
Finland: $183 million
Spain: $104 million
