WASHINGTON: US President Donald Trump said on Wednesday that his administration will soon announce a 25% tariff on imports from the European Union, reported Reuters.
“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 US passenger car tariff of 2.5%. US officials have also complained about European value-added taxes of at least 17.5%.
