Trump Proposes 25% Tariff on European Autos

In a significant trade development, President Trump announced plans to impose a 25% tariff on European automobiles, potentially leading to increased vehicle prices in the US. This move comes despite a previous agreement between the US and EU that set a lower, preferential tariff rate. The decision has been met with discontent from major European economies, including Germany and France, who have expressed concerns about the metal tariffs deal.