U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. REUTERS/Brian Snyder
(Reuters) - U.S. President Donald Trump said on Wednesday that his administration will soon announce a 25% tariff on imports from the European Union.
"We have made a decision, and we'll be announcing it very soon, and it'll be 25% generally speaking, and that'll be on cars, and all of the things," Trump told reporters during a meeting of his cabinet.
The EU has a 10% tariff on passenger cars, four times the rate of the U.S. passenger car tariff of 2.5%. U.S. officials have also complained about European value added taxes of at least 17.5%.
(Reporting by Trevor Hunnicutt; Writing by Ryan Patrick Jones; Editing by Katharine Jackson and Leslie Adler)
