Donald Trump Imposes 25% Tariff on Cars from the European Union

United States President Donald Trump has disclosed that he would increase tariffs on cars and trucks imported from the European Union, EU, to 25 percent

Trump made this known on Friday in a post on his Truth Social, accusing the EU of not complying with fully agreed trade deal.

According to him, the tariffs would take effect next week without specifying an exact day.

I am pleased to announce that, based on the fact the European Union is not complying with our full agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States.

“The tariff will be increased to 25%. It is fully understood and agreed that, if they produce cars and trucks in USA plants, there will be no tariff,” he wrote.

The US President stated that many automobile and truck plants are currently under construction with 100 Billion Dollars being invested, a record in the History of Car and Truck Manufacturing.

He added that the Plants, staffed with American workers, will be opening soon, noting that there has never been anything like what is happening in America today.

Related Posts

Join another party or face sanction — APC national secretary Ajibola Basiru warns former Governor Kayode Fayemi against ‘demarketing’ the ruling party

National secretary of the All Progressives Congress, Ajibola Basiru has warned former Ekiti State governor Kayode Fayemi against making comments that could damage the image of the All Progressives Congress,…

Phyna Regrets Squandering BBNaija Winnings on Family, Cites Lack of Financial Guidance

    Big Brother Naija Season 7 winner Josephina Otabor, popularly known as Phyna, has said her biggest regret is using the prize money she won from the show to…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Join another party or face sanction — APC national secretary Ajibola Basiru warns former Governor Kayode Fayemi against ‘demarketing’ the ruling party

Join another party or face sanction — APC national secretary Ajibola Basiru warns former Governor Kayode Fayemi against ‘demarketing’ the ruling party

Phyna Regrets Squandering BBNaija Winnings on Family, Cites Lack of Financial Guidance

Phyna Regrets Squandering BBNaija Winnings on Family, Cites Lack of Financial Guidance

No University Duplication in Abia: Governor Otti Prioritizes Funding for Existing Institutions

No University Duplication in Abia: Governor Otti Prioritizes Funding for Existing Institutions

Nigerian Flamingos Dominate Guinea with 5-0 Victory in U-17 World Cup Qualifier

Nigerian Flamingos Dominate Guinea with 5-0 Victory in U-17 World Cup Qualifier

APC Clears 31 Candidates for Bauchi State House of Assembly Elections

APC Clears 31 Candidates for Bauchi State House of Assembly Elections

You’re Obsessed with Attacking Obi” – OK Movement to Tinubu’s Media Aide

You’re Obsessed with Attacking Obi” – OK Movement to Tinubu’s Media Aide