US says it will hike tariffs to 25% because the EU has not complied with trade deal last year that set tariffs at 15%.

On May 1, the US president announced his intention to raise tariffs to 25% on European cars and trucks, once again highlighting the limitations of the trade agreement negotiated…

US says it will hike tariffs to 25% because the EU has not complied with trade deal last year that set tariffs at 15%.

Trump announced last week he would increase tariffs on vehicles coming from the European Union from 15% to 25%.