The US president has accused the bloc of \u201cnot complying\u201d with a trade deal reached last summer, hiking automotive industry levies<\/p>\n
US President Donald Trump has announced 25% tariffs on EU-made cars and trucks, accusing the bloc of breaching a trade deal reached last summer but yet to be fully ratified by EU lawmakers.
\nThe move constitutes a 10% hike from current 15% levies on the automotive industry. Announcing the decision, Trump urged European car makers to move their manufacturing to the US, saying that such cars would not be subjected to increased tariffs.\u00a0\u00a0
\n\u201cI 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%,\u201d Trump wrote on his TruthSocial platform.
\nWhile the deal between the US and the EU was agreed last July following a brief trade war, it ended up left in the bloc\u2019s bureaucratic limbo. The EU Parliament voted at the end of March to advance the agreement, having twice delayed it before. However, the deal has not yet been fully ratified by the process known as the \u201ctrilogue.\u201d To be fully implemented, the agreement must be approved not only by the legislature, but also by the EU Commission and the council of EU leaders.<\/p>\n
Read more<\/p>\n
How many times has the EU screwed itself over in the past year?<\/p>\n
The trade deal has been repeatedly criticized as a capitulation of EU bureaucrats before the US leader due to its generally unfavorable terms. Former EU foreign policy chief Josep Borrell, for instance, has repeatedly blasted the bloc\u2019s passive stance in the trade standoff with the US, stating that the \u201cdeal was unfair from the beginning,\u201d with Washington imposing 15% tariffs on the bloc while \u201cwe reduced ours on them.\u201d\u00a0\u00a0
\nTrump\u2019s announcement prompted an immediate reaction in the EU, with the Parliament\u2019s international trade committee head, Bernd Lange, lamenting Washington\u2019s untrustworthiness and mulling retaliation.\u00a0\u00a0
\n\u201cThis is no way to treat close partners. Now we can only respond with the utmost clarity and firmness, drawing on the strength of our position,\u201d Lange stated without providing any insights on potential countermeasures.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US president has accused the bloc of \u201cnot complying\u201d with a trade deal reached last summer, hiking automotive industry levies US President Donald Trump has announced 25% tariffs on…<\/p>\n","protected":false},"author":1,"featured_media":34535,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-34534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/34534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34534"}],"version-history":[{"count":0,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/34534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/media\/34535"}],"wp:attachment":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}