Trump announced that he is pleased to declare that, given the EU's failure to comply with the trade agreement we reached, next week I will raise tariffs on cars and trucks entering the U.S. from the EU. The tariff will be increased to 25%. It is widely understood and agreed that if they manufacture cars and trucks in factories located within the U.S., they will be exempt from tariffs. Currently, numerous car and truck manufacturing plants are under construction, with investments exceeding 100 billion U.S. dollars, marking the highest level in the history of the automotive and truck manufacturing industry. These factories staffed by American workers are about to open – what is happening in the U.S. today is unprecedented!
Bernd Lange, Chairman of the European Parliament's Committee on International Trade: The actions of U.S. President Trump are unacceptable.