Zürcher Nachrichten - Trump says will raise US tariffs on EU cars, trucks to 25%

EUR -
AED 4.183708
AFN 74.047812
ALL 93.779346
AMD 418.593113
ANG 2.038814
AOA 1044.645922
ARS 1699.504962
AUD 1.644485
AWG 2.050558
AZN 1.945337
BAM 1.955361
BBD 2.302192
BDT 140.888353
BGN 1.955176
BHD 0.431005
BIF 3400.651051
BMD 1.139199
BND 1.475575
BOB 7.887625
BRL 5.819829
BSD 1.143048
BTN 108.887196
BWP 15.459527
BYN 3.267279
BYR 22328.302484
BZD 2.298893
CAD 1.614176
CDF 2572.311729
CHF 0.923287
CLF 0.026838
CLP 1056.277139
CNY 7.720296
CNH 7.73294
COP 3696.541612
CRC 519.98548
CUC 1.139199
CUP 30.188776
CVE 110.23008
CZK 24.264826
DJF 203.546238
DKK 7.474861
DOP 67.125217
DZD 152.166155
EGP 56.80719
ERN 17.087987
ETB 183.362003
FJD 2.544057
FKP 0.850008
GBP 0.851876
GEL 3.013158
GGP 0.850008
GHS 13.104769
GIP 0.850008
GMD 83.701845
GNF 10025.747957
GTQ 8.721773
GYD 239.111042
HKD 8.929731
HNL 30.601857
HRK 7.531934
HTG 149.59771
HUF 357.172529
IDR 20639.952448
ILS 3.430013
IMP 0.850008
INR 109.022716
IQD 1497.463631
IRR 1566113.971631
ISK 143.402798
JEP 0.850008
JMD 180.607845
JOD 0.807658
JPY 184.672173
KES 147.389981
KGS 99.621595
KHR 4608.005372
KMF 492.134327
KPW 1025.279176
KRW 1718.071687
KWD 0.35265
KYD 0.952586
KZT 538.878954
LAK 25776.209994
LBP 102353.923925
LKR 383.507221
LRD 207.576995
LSL 18.618436
LTL 3.363759
LVL 0.68909
LYD 7.321388
MAD 10.678014
MDL 20.087724
MGA 4900.942142
MKD 61.631156
MMK 2391.710245
MNT 4084.326917
MOP 9.229827
MRU 45.54097
MUR 53.712879
MVR 17.600635
MWK 1982.172152
MXN 19.967423
MYR 4.648727
MZN 72.796999
NAD 18.618518
NGN 1571.844281
NIO 42.060552
NOK 11.158398
NPR 174.225629
NZD 1.977982
OMR 0.439174
PAB 1.142948
PEN 3.883128
PGK 5.102831
PHP 70.195742
PKR 317.74922
PLN 4.334254
PYG 6949.164535
QAR 4.167136
RON 5.236325
RSD 117.354669
RUB 87.535694
RWF 1679.23754
SAR 4.283006
SBD 9.168939
SCR 16.631964
SDG 684.095486
SEK 11.05255
SGD 1.474716
SHP 0.850527
SLE 27.739324
SLL 23888.434349
SOS 653.253262
SRD 42.845849
STD 23579.121467
STN 24.49439
SVC 10.001753
SYP 125.918067
SZL 18.615818
THB 38.052098
TJS 10.578945
TMT 3.987197
TND 3.378737
TOP 2.742918
TRY 53.543444
TTD 7.766324
TWD 36.544343
TZS 2996.312338
UAH 50.853323
UGX 4205.962931
USD 1.139199
UYU 46.089647
UZS 13805.898837
VES 807.471613
VND 29922.773326
VUV 135.571106
WST 3.145217
XAF 655.815444
XAG 0.01957
XAU 0.00028
XCD 3.078742
XCG 2.060137
XDR 0.815624
XOF 655.812566
XPF 119.331742
YER 270.075597
ZAR 18.679106
ZMK 10254.163081
ZMW 20.603558
ZWL 366.821647
  • CMSC

    0.0650

    22.085

    +0.29%

  • CMSD

    0.0700

    22.38

    +0.31%

  • JRI

    -0.0200

    13.01

    -0.15%

  • RIO

    1.0500

    90.54

    +1.16%

  • NGG

    0.2700

    82.59

    +0.33%

  • BCE

    0.0600

    21.38

    +0.28%

  • RBGPF

    0.3500

    67.35

    +0.52%

  • BCC

    3.8200

    76.06

    +5.02%

  • RELX

    0.3700

    32.44

    +1.14%

  • GSK

    0.3100

    52.78

    +0.59%

  • AZN

    -6.8800

    171.61

    -4.01%

  • BTI

    -0.0151

    60.02

    -0.03%

  • RYCEF

    0.3800

    19.46

    +1.95%

  • BP

    0.6500

    39.2

    +1.66%

  • VOD

    1.6400

    14.72

    +11.14%

Trump says will raise US tariffs on EU cars, trucks to 25%
Trump says will raise US tariffs on EU cars, trucks to 25% / Photo: Ina FASSBENDER - AFP/File

Trump says will raise US tariffs on EU cars, trucks to 25%

President Donald Trump said Friday that he will hike US tariffs on cars and trucks from the European Union next week, charging that the bloc is not complying with an earlier trade deal.

Text size:

The pact, which was struck last summer, had capped the US tariff on EU autos and parts at 15 percent, which is lower than the 25-percent duty that Trump imposed on many other trading partners.

These sector-specific duties were not affected by a Supreme Court ruling earlier in the year that struck down a swath of Trump's global levies.

But the US leader said Friday: "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States."

"The Tariff will be increased to 25%," he wrote on his Truth Social platform.

Trump did not say how believed the EU is failing to live up the trade deal or give a further reason for the planned hike. But the announcement came a day after his renewed criticism of German Chancellor Friedrich Merz.

Trump told Merz to focus on ending the Ukraine war instead of "interfering" on Iran.

Germany would likely be hit hard by a sharp tariff on cars and parts, as it is responsible for a significant amount of EU auto exports.

In late March, EU lawmakers gave their green light to the bloc's tariff deal with Trump, but with conditions.

While many EU lawmakers agreed to cut EU tariffs on some US imports, as a first step towards implementing the 2025 deal, they also sought additional safeguards.

While the European Parliament has given its conditional approval to the EU-US trade pact, before the deal is implemented by the bloc, it still needs to be negotiated with EU states.

In April, EU trade chief Maros Sefcovic was in Washington to meet with counterparts including US Commerce Secretary Howard Lutnick and trade envoy Jamieson Greer.

At the time, he said that the EU was also seeking more progress in easing the effects of still-steep US steel tariffs, adding that talks were going in a positive direction.

The United States is the second largest market for new EU vehicle exports, after the United Kingdom, according to a 2025 fact sheet by the European Automobile Manufacturers' Association.

Over a fifth of EU vehicle exports went to the United States.

Germany alone exported some 450,000 vehicles to the United States in 2024, according to the VDA industry group. But that figure has since slipped.

P.E.Steiner--NZN