US President Trump says EU is not complying with trade deal and he will increase tariffs to EU cars and truck imports into the US; tariff will be increased to 25%
President Trump's announcement to increase tariffs on EU car and truck imports to 25% signals heightened trade tensions.
Newsquawk Daily US Earnings Estimates - 4th May 2026: VRTX, PLTR
US Senators offer an act on the China threat to strategic interests and the US Senators' China threat resolution is bipartisan.
US President Trump says EU is not complying with trade deal and he will increase tariffs to EU cars and truck imports into the US; tariff will be increased to 25%
Contrary to the White House's baseless claims, there are no signs that Iran is running out of storage space, Tasnim reports
Anthropic looks to give more companies and organizations access to its powerful new Claude Mythos model, including in Japan, but faces opposition from the US, via Nikkei
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF.
Full Post: "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%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing. These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today! Thank you for your attention to this matter. President DONALD J. TRUMP"
This could influence the strength of the USD against the EUR, as markets react to the implications for transatlantic trade and economic forecasts. Long-term, this move may provoke retaliatory actions from the EU and complicate investor sentiment across equities and commodities.
Related headlines
- US Midterm Update: Latest Polymarket pricing puts Democratic sweep at 50%; Republican midterm 2-day convention to start tonight4 hours ago
- Newsqawk European Market Wrap - 9th September 20266 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports7 hours ago
- US President Trump says after the election, oil prices will tumble lower; gasoline price will take a bit longer1 hour ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 6 hours ago
- US President Trump says he thinks war with Iran will end immediately after the election1 hour ago
- CRUDE WRAP: WTI (V6) SETTLES USD 3.02 HIGHER AT 96.05/BBL; BRENT (X6) SETTLES USD 3.29 HIGHER AT 101.21/BBL1 hour ago
- Israeli army artillery bombarded the northern parts of the village of Taranja near the outskirts of Quneitra, reports Tasnim23 min ago
- US Senator Slotkin says "We hear rumors that Trump is planning to allow Chinese cars to be sold in the U.S., as part of a larger deal"3 hours ago
- Trump admin official says buyback increase of part of ongoing approach, reports Fox Business4 hours ago
- Primer: US to sell USD 39bln of 10-year notes at 18:00BST/13:00 EDT3 hours ago
- [MARKET UPDATE]: Yields rise, supporting the Dollar, weighing on stocks and spot gold after US Treasury announces it will buy a maximum USD 6bln in 10-20yr liquidity support buyback op. on Thursday4 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports7 hours ago
- Salesforce (CRM) reportedly held talks to buy Listen Labs, an AI customer research platform, for USD 2bln, according to Business Insider1 hour ago
- EIA STEO: World oil demand 102.6mln BPD (prev. 102.7mln BPD), 2027 demand 105mln BPD (prev. 105mln BPD). 4 hours ago
- Swiss Government has banned the purchase and import of gold originating in Sudan4 hours ago
- Pakistani Ambassador says they believe that a better understanding will soon be achieved between the US and Iran, reports ISNA1 hour ago
- Pakistan is reportedly considering strikes against Houthi targets in Yemen under the “Makkah Pact” defense framework with Saudi Arabia and Turkey, Kann's Kais reports; strikes may begin in the coming days and will be announced immediately after6 hours ago
- Enbridge (ENB) reportedly to be near purchases of Pony Express from Tallgrass and to pay about USD 2bln44 min ago
- Updated Treasury Buyback Schedule: Maintains guidance from announcement that long dated buyback operations will be at least USD 4bln4 hours ago
The whole workspace, free to try.
Try it free