US Could Impose Auto Tariffs on EU 'Soon': Ambassador

Watch on YouTube ↗  |  May 06, 2026 at 15:02  |  3:36  |  Bloomberg Markets
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Summary

US Ambassador to the EU Andrew Puzder warns that President Trump could impose 25% tariffs on European cars 'relatively soon' if the EU fails to ratify the previously agreed trade deal. He expresses frustration over nine months of delays and signals that the administration is prepared to walk away if the deal is renegotiated. The threat is aimed specifically at autos and is meant to pressure the EU to act quickly.

  • US Ambassador Andrew Puzder says Trump could impose 25% auto tariffs 'soon' if EU delays trade deal ratification.
  • The trade deal was agreed in July but EU parliament has not approved it, causing frustration.
  • Puzder states the tariff threat is limited to autos, not auto parts, as a targeted pressure tactic.
  • If the EU signals quick approval of the original deal, Trump may reconsider the tariffs.
  • Puzder warns the US could walk away from the trade deal entirely if the EU tries to renegotiate.
  • The timeline for ratification is uncertain; July is seen as too slow by the US.
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