President Donald Trump announced Friday he was raising tariffs on European cars to 25%, citing the European Union's noncompliance with the U.S.-EU trade deal. "I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%," Trump wrote in a Friday morning Truth Social post.He did, however, indicate that he would drop the tariffs if European companies agreed to manufacture their car...
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