President Donald Trump recently announced he would sharply increase import tariffs on cars and trucks from the EU to 25%, raising concerns about a resurgence of transatlantic trade tensions.
In a post on the social media platform Truth Social on the evening of May 1st (Vietnam time), Mr. Trump stated that this decision stemmed from the EU's "non-compliance" with the previously negotiated trade agreement. According to the US President, Washington has repeatedly expressed concern that commitments regarding market opening and trade balance have not been fulfilled as expected by Europe. Therefore, the US administration will raise tariffs on imported cars and trucks from the EU to 25% starting next week.
This move immediately attracted the attention of investors and the global automotive industry, as the US market is an extremely important export destination for European car manufacturers. For many years, cars produced in Germany, France, Italy, or Sweden have consistently held a significant market share in the US thanks to their reputation for quality, technology, and luxury segment. Imposing high tariffs could lead to a sharp increase in the price of imported cars, thereby directly impacting sales, supply chain , and the global production strategies of these car manufacturers.
