BackECONOMY
Trump signals 25% tariff on EU cars next week over trade deal concerns
President Donald Trump said he will raise tariffs on cars and trucks from the European Union to 25% next week, citing EU non-compliance with a trade deal. The announcement was reported on May 1, 2026.
Why It Matters
The move could disrupt global trade and impact automotive supply chains at a time of economic fragility.
Timeline
3 Events
Trump announces 25% tariff on EU-made vehicles
May 2, 2026
U.S. President Donald Trump announces a 25% tariff on automobiles from the European Union, accusing the bloc of violating the Turnberry Agreement.
Supreme Court ruling weakens the legal basis of earlier tariffs
May 2026
A Supreme Court ruling weakened the legal basis of earlier tariffs, a development linked to the administration's decision to impose a new tariff on EU-made vehicles.
Trump says 25% tariff on EU autos to take effect next week
May 1, 2026
In a post, President Donald Trump said he will raise the tariffs on cars and trucks imported from the European Union to 25% next week, accusing the EU of not complying with the fully agreed trade deal. The statement was reported on May 1, 2026.