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world El Financiero 2026-05-01

Trump to Increase Tariffs on EU Autos and Trucks to 25 Percent

Former President Donald Trump announced plans to raise tariffs on European Union cars and trucks to 25% next week, alleging the bloc is not fully complying with their trade agreement. This move could significantly destabilize the global economy. The original pact set a 15% tariff, but a Supreme Court ruling later reduced it to 10% on some imports, adding complexity to the current trade tensions.

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