U.S. President Donald Trump said on Wednesday that his administration is preparing to impose a 25% tariff on imports from the European Union, a move aimed at addressing longstanding trade disparities.
“We have made a decision, and we’ll be announcing it very soon, and it’ll be 25% generally speaking, and that’ll be on cars, and all of the things,” Trump told reporters during a cabinet meeting.
The proposed tariff would mark a significant escalation in U.S. trade policy toward the EU. Currently, the European Union levies a 10% tariff on passenger cars - four times the U.S. rate of 2.5% - and imposes value-added taxes of at least 17.5% on various goods. U.S. officials have frequently complained about these protectionist measures, arguing that they place American industries at a disadvantage.
The new measure is seen as part of Trump’s broader strategy to rebalance global trade, particularly in sectors where the U.S. perceives unfair practices by its trading partners. However, the announcement has raised concerns among European leaders, who warn that such tariffs could trigger retaliatory measures and further strain transatlantic economic relations.
At present, further details - including the scope of the tariff and its timeline—remain under wraps. The European Union has yet to issue an official response to Trump’s declaration.
As the U.S. moves forward with its aggressive trade agenda, markets and policymakers on both sides of the Atlantic are closely watching for potential ripple effects across global trade networks.
Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday rejected holding negotiations with the United States over a nuclear deal, as a letter was delivered from U.S. President Donald Trump calling for such talks.
Egypt expressed its approval of U.S. President Donald Trump’s recent remarks stating that no Palestinians would be expelled from the Gaza Strip.
As the United Nations marks its 80th anniversary, it seeks efficiency improvements and budget cuts amid ongoing financial constraints.
U.S. President Donald Trump said on Tuesday he will buy a new Tesla car to show support for the electric carmaker's chief and his ally Elon Musk amid recent "Tesla Takedown" protests and the slump in the company's stock price.
US and Ukrainian officials have begun talks in Jeddah, Saudi Arabia, to explore the possibility of a peace deal with Russia, with Ukraine proposing a partial ceasefire to regain US support.
Demonstrators in Mexico City urged the government to investigate a mass grave site in Jalisco.
An Israeli airstrike on Beit Lahiya killed 9 Palestinians as Hamas holds ceasefire talks in Cairo.
U.S. President Donald Trump signed an order cutting funding to Voice of America’s parent agency, forcing staff out.
Crowds in Aleppo and Damascus celebrated 14 years since the Syrian uprising that ousted Bashar al-Assad.
U.S. airstrikes on Yemen’s capital killed nine civilians as President Trump vowed to pressure Houthi rebels to halt maritime attacks.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Demonstrators in Mexico City urged the government to investigate a mass grave site in Jalisco.
An Israeli airstrike on Beit Lahiya killed 9 Palestinians as Hamas holds ceasefire talks in Cairo.
U.S. President Donald Trump signed an order cutting funding to Voice of America’s parent agency, forcing staff out.
Crowds in Aleppo and Damascus celebrated 14 years since the Syrian uprising that ousted Bashar al-Assad.
U.S. airstrikes on Yemen’s capital killed nine civilians as President Trump vowed to pressure Houthi rebels to halt maritime attacks.
Demonstrators in Mexico City urged the government to investigate a mass grave site in Jalisco.
An Israeli airstrike on Beit Lahiya killed 9 Palestinians as Hamas holds ceasefire talks in Cairo.
U.S. President Donald Trump signed an order cutting funding to Voice of America’s parent agency, forcing staff out.
Crowds in Aleppo and Damascus celebrated 14 years since the Syrian uprising that ousted Bashar al-Assad.
U.S. airstrikes on Yemen’s capital killed nine civilians as President Trump vowed to pressure Houthi rebels to halt maritime attacks.
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