Trump plans to hike tariffs on EU cars, trucks to 25%

President Trump plans to increase tariffs on European Union cars and trucks to 25 percent next week. The U-S and EU agreed to a trade deal last July, setting a 15 percent tariff on most goods. But the president wrote in a social media post the EU “is not complying” with that agreement. He said he will hike the tariffs on European-made cars and trucks to 25 percent. The president reminded EU countries that there will be “no tariff” if they produce their vehicles in the United States.