Trump Plans 25% Tariff on European Autos

Summary

President Trump announces plans to raise tariffs on European-made cars to 25%, escalating trade tensions. The reporter discusses the breakdown of the prior trade agreement and growing dissatisfaction between the US and EU over metal tariffs and implementation.

• Trump plans to raise tariffs on European autos to 25%.
• The move is described as an escalation by the White House.
• The previous trade deal had a 15% tariff rate that was supposed to apply to autos.
• Tensions have been building over metal tariffs as well.
• Germany and France have expressed concerns about the deal.
• An EU Parliament member called Trump's behavior unacceptable.