Trump Says 25 Percent Import Tariffs on EU to Be Announced Soon

President Donald Trump said on Feb. 26 that his administration would soon impose a 25 percent tariff on imports from the European Union (EU). Speaking to reporters during a meeting of his Cabinet, Trump said, “We have made a decision, and we’ll be announcing it very soon, and it’ll be 25 percent generally speaking, and that’ll be on cars, and all of the things,” Currently, the EU has a 10 percent tariff on passenger cars, four times the rate of the U.S. passenger car tariff of 2.5 percent. U.S. officials have also criticized European value added taxes of at least 17.5 percent....