Trump: To Raise Tariffs on EU Cars and Trucks to 25%

BlockBeats News, May 1st, President Trump tweeted: "Considering that the EU has not adhered to our fully negotiated trade agreement, next week I will increase the tariffs on European Union cars and trucks imported to the United States. The tariffs will be raised to 25%. It is fully understood and agreed by all parties that if the EU manufactures cars and trucks in U.S. factories, no tariffs will be imposed. Currently, many car and truck factories are under construction, with investments exceeding $100 billion, setting a record in the history of the automotive industry. These factories will employ American workers and will soon be operational."