May 1 (UPI) -- President Donald Trump said Friday he plans to increase the tariff on vehicles imported from Europe to 25% because the European Union is not complying with a trade deal.
After the U.S. Supreme Court in February invalidated the Trump administrations tariffs issued under International Emergency Economic Powers Act of 1977, Trump announced a 10% across-the-board tariff and then later upped it to 15%.
In response, the EU delayed a vote to ratify its trade deal with the United States it had negotiated after Trump took office because it considered the universal tariff -- which Trump said would be on top of tariffs that remained in place -- to be a breach of the deal.
Mercedes, BMW and Volkswagon would likely be the most impacted by the additional tariff because of the number of cars they import for sale in the United States, Business Insider and CNBC reported.
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