Trump Says He Will Raise Tariffs on European Vehicles

“President Trump said he would increase tariffs on EU cars to 25 percent, attacking the bloc for not complying with the deal it struck with the U.S. last year and escalating transatlantic trade tensions,” the Financial Times reports.

“Although the Supreme Court ruled earlier this year that Trump could not use emergency powers to impose immediate levies on trading partners, the duties on cars are issued under a different legal authority and were not affected by that ruling.”

Bloomberg: “Trump said the levies would not apply to automobiles built in U.S. facilities.”