https://www.taxtmi.com/news?id=72619 The United States President announced an intention to raise tariffs on cars and trucks imported from the European Union to 25%, asserting that the EU was not complying with the parties' trade deal. The trade arrangement previously fixed a 15% tariff on most goods and was identified as the Turnberry Agreement, which both sides had earlier said they would preserve. The report notes that the status of the 2025 deal had already been unsettled after a Supreme Court ruling said the President lacked authority to declare an economic emergency and impose tariffs on EU goods. en-us Fri, 01 May 2026 21:46:03 +0530 Fri, 01 May 2026 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72619 The United States President announced an intention to raise tariffs on cars and trucks imported from the European Union to 25%, asserting that the EU was not complying with the parties' trade deal. The trade arrangement previously fixed a 15% tariff on most goods and was identified as the Turnberry Agreement, which both sides had earlier said they would preserve. The report notes that the status of the 2025 deal had already been unsettled after a Supreme Court ruling said the President lacked authority to declare an economic emergency and impose tariffs on EU goods. News - Fri, 01 May 2026 21:46:03 +0530 https://www.taxtmi.com/news?id=72619