Trump to Announce New Tariffs on Auto Imports Targeting EU Trade Imbalances

The U.S. President plans to unveil measures at 4:00 PM EDT as part of his broader protectionist trade agenda, escalating tensions with key global partners.

• President Donald Trump is set to announce new tariffs on auto imports during a press conference at 4:00 PM Washington time (21:00 MEZ).
• The tariffs are expected to target the automotive industry, particularly addressing trade imbalances with the European Union.
• Trump has criticized the EU's 10% tariff on U.S. auto imports compared to the U.S.'s 2.5% tariff on EU auto imports, though U.S. tariffs on pickups and utility vehicles remain significantly higher.
• This announcement follows a series of escalating trade measures, including tariffs on steel, aluminum, and other imports, which have heightened fears of a global trade war.
• German automakers and suppliers are expected to be significantly impacted by the proposed tariffs, adding to concerns of broader economic fallout.

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