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
1 Event
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.