US Announces 25% Tariff Hike on EU Cars, Citing Trade Pact Non-Compliance
U.S. President Donald Trump announced on May 1st that the U.S. will raise tariffs on automobiles and trucks imported from the European Union (EU) to 25% starting next week. Trump accused the bloc of not complying with bilateral trade agreements, a move expected to escalate trade tensions between the US and the EU and introduce further uncertainty into the global trade environment.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Vietnam's Roasted Coffee Exports Surge in Thailand Driven by Premium Shift
Vietnam's coffee exports to Thailand surged 22.5% in volume and 28.7% in value in Q1 2024, with high-value processed products leading the growth. This trend is fueled by Thailand's shift from instant to roasted and ground coffee, as Vietnam leverages its ASEAN advantages to become a leading supplier.
- Vietnamese Products Shine at Paris Fair, Strengthening European Market Presence
Vietnamese products garnered significant attention at the Foire de Paris, reaffirming their appeal and cultural charm in the French and broader European markets. This event underscores Vietnam's deepening international economic integration and marks a crucial step for Vietnamese enterprises to strengthen their foothold in the promising European market.