US president says EU hasn’t complied with trade deal

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U.S. President Donald Trump takes questions from the media after signing an executive order in the Oval Office, in Washington on April 30. © Reuters

WASHINGTON (Reuters) — U.S. President Donald Trump on Friday said he would be increasing tariffs on cars and trucks from the European Union to 25%, saying the EU had not complied with its trade deal.

“Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States,” he wrote in a social media post.

“It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” Trump added.