Increase in Tariffs on Cars from the EU
May 1, 2026
President Donald Trump announced that he will increase tariffs on cars and trucks imported from the EU to 25%. This decision is based on accusations that the European Union is not abiding by their trade agreement. American consumers can avoid these tariffs if the vehicles are manufactured in the U.S. The trade volume between the EU and the U.S. reached €1.7 trillion in 2024. This new measure is expected to affect the trade relations between the two regions significantly.