US President Donald Trump has said the United States will raise tariffs on automobiles and trucks imported from the European Union to 25%, citing non-compliance with an agreed trade deal. In a Truth Social post, he added that vehicles produced in US-based plants would not face tariffs and pointed to over $100 billion in automotive investments and new manufacturing facilities under construction in the country. He did not give a further reason for the planned hike, but the announcement came a day after his renewed criticism of German Chancellor Friedrich Merz. Earlier, Trump told Merz to focus on ending the Ukraine war instead of “interfering” on Iran. Germany would likely be hit hard by a sharp tariff on cars and parts, as it is responsible for a significant amount of EU auto exports. This is a developing story. Stay tuned for latest news updates Post navigation Petrol, diesel price hike likely as oil firms bleed:Crude oil at 4-year high amid Hormuz tensions, rates in India unchanged since 2022
