by Trump threatens the EU with new car tariffs
US President Donald Trump has announced the possible introduction of a 50% tariff on imports from the European Union, particularly on cars and auto parts. According to him, negotiations between the parties have reached a deadlock, and the new restrictions could come into effect as early as June 1. If the decision is made, it will affect automotive imports worth approximately $45 billion.
In his social media post, Trump stated:
“The European Union was created with the primary goal of benefiting from trade with the US.”
He also accused the EU of high taxes, trade barriers, and lawsuits against American companies, which have led to a trade deficit of over $250 million.
Market reaction and previous restrictions
Trump’s threats have caused unease in the markets, as they signal an escalation of the trade war. Previously, the US administration had already imposed 20% tariffs on most goods from the EU but later reduced them to 10% to continue negotiations. However, 25% restrictions on aluminum, steel, and auto parts remain in place.
The European Union is the second-largest trading partner of the US after China. In 2024, imports of cars and auto parts from the EU to the US amounted to over $45 billion. Trump’s further steps could significantly impact economic relations between the two regions, especially in the automotive industry, which is one of the key sectors for European exports.
