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Trump Plans 25% Tariff on European Cars—Prices Could Surge

Friday, May 1, 2026Paul EisensteinView original
Once again, Pres. Donald Trump is revising his tariff playbook, this time announcing he will increase tariffs on European auto imports to 25%, up from the 15% figure set in a trade deal the U.S. and EU reached last year. The move comes at a perilous time considering the economic challenges already ...