Trump announces 25 percent tariffs on European Union cars, trucks

U.S. President Donald Trump announced an increase in tariffs on automobiles from the European Union to 25%. This decision comes months after a trade deal was forged between the U.S. and the EU, which set tariffs at 15%. Hildegard Mueller, president of Germany's VDA auto association, expressed concerns about the economic impact of these new tariffs on U.S. consumers.