Trump announces 25% tariff on European cars

US President Donald Trump has announced new 25% tariffs on a range of goods, including cars, pharmaceuticals and semiconductors. The tariffs are set to take effect on April 2, 2025, after the US government presents reports on other tariffs as part of a planned international trade reform.

Trump has highlighted the problem with the conditions for American exports, particularly in the automotive sector, citing the EU's high tariffs on car imports. In response, the European Union intends to organize talks with American representatives, but European lawmakers have already ruled out the possibility of lowering tariffs.

Trump also said that the possible 25% tariffs could also apply to pharmaceuticals and chips. This would lead to an increase in tariffs throughout the year, which in turn would affect the global economy. The president promised to give American manufacturers time to set up factories in the United States to avoid these tariffs.