President Trump in a Truth Social post on Friday, May 1, announced that a tariff on automobiles manufactured and imported from the European Union into the U.S. will increase to 25%, adding that he is imposing this tariff increase “based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week.”

He added in the post that, “It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF.”

We are following this developing story and if this is made official and the CBP launches official guidance, we will update this page.