Close Menu
UAE NEWS TODAY
    What's New

    US-Iran peace deal could boost UAE hiring: What it means for jobseekers

    June 16, 2026

    Sharjah Chamber reaffirms commitment to strengthening supply chains, supporting private sector, boosting business growth

    June 16, 2026

    TASNEEF signs 10-year exclusive global partnership with International Federation for Emergency Medicine

    June 16, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    UAE NEWS TODAYUAE NEWS TODAY
    • Home
    • UAE
    • Business
    • Technology
    • Lifestyle
    • Sports
    UAE NEWS TODAY
    Home»Business»US-EU trade tensions escalate
    Business

    US-EU trade tensions escalate

    Editorial teamBy Editorial teamMay 2, 2026
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    BRUSSELS, 2nd May, 2026 (WAM) — Trade tensions between the United States and the European Union have intensified after US President Donald Trump announced his intention to raise import tariffs on European cars and lorries to 25 percent “from next week”. The current tariff stands at 15 percent.

    “Based on the fact that 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,” President Trump said on his social media platform, Truth Social. “The Tariff will be increased to 25 percent.”

    The move comes less than a year after the EU and US agreed a deal at Trump’s Turnberry golf course in Scotland, which set levies on most European goods at 15 percent.

    European reaction has been swift. Bernd Lange, Chair of the European Parliament’s International Trade Committee, said Trump’s statement is “unacceptable”. He dismissed the President’s argument that the EU was not fulfilling its side of the deal and said the European Parliament was in the process of drafting the necessary legislation, which it aimed to finalise in June.

    Lange said the US has “repeatedly breached the agreement” pointing to products containing steel and aluminium, which are now subject to average tariffs of 26 percent.

    “Now we can only respond with the utmost clarity and firmness, drawing on the strength of our position,” he added.

    Source: Emirates News Agency

    Previous ArticleUAE Team Emirates-XRG’s Pogačar retains leader’s jersey with fourth place at Tour de Romandie
    Next Article UAE Team Emirates-XRG’s Pogačar storms to victory in stage 1 of Tour de Romandie

    Related Posts

    Sharjah Chamber reaffirms commitment to strengthening supply chains, supporting private sector, boosting business growth

    June 16, 2026

    Etihad Airways expands summer operations with 10% more capacity

    June 15, 2026

    UAE National Pavilion attracts global defence leaders on first day of Eurosatory 2026 in Paris

    June 15, 2026
    Top Posts

    UAE strengthens lead on day two of UAE National Jiu-Jitsu Championship

    June 13, 2026

    FREELANDER 8 Makes First Public Appearance Ahead of Official Abu Dhabi Launch

    June 13, 2026

    Sharjah to distribute new Hijri year calendar; how to get electronic copy

    June 13, 2026

    ADNOC Distribution shareholders approve $700 million 2025 dividend

    April 1, 2026
    Don't Miss

    US-Iran peace deal could boost UAE hiring: What it means for jobseekers

    UAE June 16, 2026

    A peace agreement between the US and Iran, expected to be signed in Switzerland on…

    Sharjah Chamber reaffirms commitment to strengthening supply chains, supporting private sector, boosting business growth

    June 16, 2026

    TASNEEF signs 10-year exclusive global partnership with International Federation for Emergency Medicine

    June 16, 2026

    Muharram to begin June 16 as UAE declares start of Islamic year 1448 AH

    June 16, 2026
    2026. All rights reserved.
    • UAE
    • Business
    • Technology
    • Lifestyle
    • Sports
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.