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Get the free app no ads · no paywallNews · 1 May 2026
Unsplash / Jerry Kavan
European economies, significantly dependent on car manufacturing, will face higher costs as tariffs on their vehicles rise. Donald Trump announced Friday that 25% duties will apply to cars and trucks from the European Union starting next week. This escalates trade tensions, as Trump says the EU isn't following a deal agreed last July, which set tariffs at 15%.
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