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US to announce 25% tariff on EU very soon, Trump says
Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
President Trump announces a 25% tariff on EU imports, affecting cars and other goods. The US aims to address trade imbalances.
(Reuters) - U.S. President Donald Trump said on Wednesday that his administration will soon announce a 25% tariff on imports from the European Union.
"We have made a decision, and we'll be announcing it very soon, and it'll be 25% generally speaking, and that'll be on cars, and all of the things," Trump told reporters during a meeting of his cabinet.
The EU has a 10% tariff on passenger cars, four times the rate of the U.S. passenger car tariff of 2.5%. U.S. officials have also complained about European value added taxes of at least 17.5%.
(Reporting by Trevor Hunnicutt; Writing by Ryan Patrick Jones; Editing by Katharine Jackson and Leslie Adler)
Trump announced that his administration will soon announce a 25% tariff on imports from the European Union.
The EU has a 10% tariff on passenger cars, which is four times the rate of the U.S. passenger car tariff of 2.5%.
U.S. officials have complained about European value added taxes of at least 17.5%.
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