President Trump has reignited trade tensions with Europe by announcing an increase in tariffs on car and truck imports. The new tariff will rise to 25%, up from the previous rate of 15%.
This decision is set to take effect during the week of May 4, 2026, marking a notable shift in U.S. trade policy.
The announcement comes amid ongoing tensions related to Iran, suggesting that these geopolitical issues may be influencing trade decisions.