President Trump’s threat came after his emergency tariffs on imported goods around the world were overturned by the Supreme Court.
President Trump talks about tariffs in State of the Union address
In his State of the Union address, President Trump called the Supreme Court’s decision on tariffs a “disappointing decision.”
WASHINGTON – President Donald Trump has threatened to raise tariffs on cars from the European Union in retaliation for the EU’s failure to honor trade agreements.
On May 1, President Trump said on social media: “I am pleased to announce that we will be increasing tariffs on the European Union on cars and trucks imported into the United States based on the fact that the European Union is not complying with our fully agreed trade agreements.” “Tariffs will be raised to 25%.”
President Trump did not say which law he would use to impose the tariffs. Although the Supreme Court struck down the president’s emergency tariffs on imports from other countries in February, he has vowed to impose fees under other statutes, typically after an investigation into unfair trade practices, rather than by the president alone.
In response to the Supreme Court’s ruling, President Trump temporarily imposed 10% tariffs worldwide.
U.S. Trade Representative Jamieson Greer is in the middle of two hearings on proposed tariffs on countries with overcapacity and countries that tolerate forced labor.
President Trump announced a trade deal with the European Union days before the deadline he set in July. During his visit to Scotland, he met with European Commission President Ursula von der Leyen to discuss terms and agreed to impose a 15% tariff on most European exports to the United States.
