NEW YORK, May 1 (Xinhua) -- U.S. President Donald Trump on Friday threatened to increase tariffs on cars and trucks imported from the European Union (EU) to 25 percent next week.
"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," Trump said on Truth Social, adding the tariff will be increased to 25 percent.
