JUST IN: Trump Slaps EU With Brutal Tariffs For Breaking Trade Deal
President Donald Trump said Friday he will hike tariffs on cars and trucks from the European Union to 25% starting next week, a move that could rattle global markets as trade tensions flare.
In a post announcing the decision, Trump said the EU “is not complying with our fully agreed to Trade Deal,” but did not provide specifics about the alleged violations.
The administration’s latest escalation puts fresh strain on a deal Trump reached last July with Ursula von der Leyen. That agreement set a 15% tariff cap on most goods traded between the two economic powers under what became known as the Turnberry Agreement, named after Trump’s golf resort in Scotland.
Both sides had publicly reaffirmed their commitment to the framework in the months following the deal. But its stability was thrown into
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