Europäische Autoindustrie entkräftet Trumps 25-Prozent-Zolldrohung innerhalb weniger Tage

Last Friday, Trump said he would be “increasing tariffs charged to European Union for cars and trucks coming into United States” starting this week. He said the rate would increase from 15% to 25%, because the “European Union is not complying with our fully agreed to trade deal.” More: Trump’s Tariff European Cars Was 15% Friday, Wants 25% time is up, the ballroom enthusiast is reversing course.

In a media post, Trump said he had a “great call” with European Commission President Ursula agreed to hold off on tariffs until July 4.

The president went on to threaten that if European Union fails to implement the trade deal 250th birthday, tariffs will “immediately jump to much higher levels.” Trump didn’t say how high tariffs would go or whether they would target more than just vehicles, but previous reports have suggested European Union could get the trade deal finalized June.

The Commission President alluded to this

The Commission President alluded to this as she said “Good progress is being made towards tariff reduction.” She added, “We remain fully committed, on both sides [US and EU], to its implementation.” Court Deals Trump’s Tariffs Another Blow In other tariff news, United States Court International Trade dealt yet another blow to Trump administration.

In a lengthy ruling, they found the government's new 10% global tariff was illegal. As Liberty Justice Center explained, the court found that Section 122 of Trade Act of 1974 “does not authorize President to impose these tariffs under current economic conditions.” They went on to say that “Section 122 is a narrow, time-limited tool intended to address specific balance-of-payments crises

not a blank check for the executive branch to impose worldwide trade restrictions in response to ordinary trade deficits or to circumvent prior judicial rulings.” White House The decision follows a high-profile Supreme Court ruling that struck down tariffs applied under International Emergency Economic Powers Act.

The government responded a 10% tariff

The government responded a 10% tariff using Section 122, which sparked the lawsuit filed on behalf of businesses Burlap & Barrel Basic Fun!

Politico said the court “barred the administration from collecting... duties from Washington state and [the] two companies that sued over the policy.” However, they didn’t “issue nationwide relief for the hundreds of thousands of importers that have paid or continue to pay the tariffs.” This is because the court found that only Washington state and the two business have standing.

However, it likely paves the way for even more lawsuits. White House