Trump announces tariff hikes on European cars, trucks

"It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF," he added. ---- President Donald Trump on Friday announced that he would raise tariffs on European cars and trucks to 25%, asserting that the bloc was not complying with its trade deal with the U.S. "I am pleased to announce that, 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,"...