Trump will declare a 25% import tax on goods from the European Union

According to US President Donald Trump, a 25% duty on imports from the European Union would shortly be announced by his government.

In a move that is anticipated to intensify trade tensions between the two economic blocs, US President Donald Trump declared on Wednesday that his government will soon put a 25% tariff on imports from the European Union (EU).

Trump stated at a cabinet meeting that a decision had been reached and that the tariffs will be applied generally, with a focus on European automobiles and other products. “We have decided on a course of action, which we will shortly announce. In general, it will be 25%, and that includes vehicles and everything else,” he informed reporters.

Although the specifics of the tariff rollout are yet unknown, European leaders and automakers are anticipated to strongly oppose the plan and may even consider taking retaliatory action. The statement exacerbates already-existing tensions in transatlantic trade relations, as the two sides have previously clashed over aircraft subsidies, steel, and aluminum tariffs.

As the administration completes its plan, more information regarding the tariff’s implementation is anticipated in the days ahead.