Skip to main content

Trump says he's raising tariffs on European cars to 25% [Business Insider]

Trump Says He’s Raising Tariffs on European Cars to 25%

In a move that sent ripples through global markets and reignited trade tensions with key allies, former President Donald Trump announced Tuesday his intention to impose a 25% tariff on all imported European automobiles. The declaration, made during a rally in Michigan, marks the sharpest escalation yet in what many analysts are calling a renewed transatlantic trade war.

Standing in front of a banner reading “American Jobs First,” Trump told a cheering crowd, “We’re going to put a 25% tariff on those beautiful German cars and French sedans. They’ve been taking advantage of us for decades. No more.” The proposed tariff, which would more than double the current 10% rate on European car imports, is expected to hit German automakers like BMW, Mercedes-Benz, and Volkswagen particularly hard.

The announcement came as a surprise to many in the automotive industry, which had been cautiously optimistic about a potential easing of trade tensions following months of back-channel talks between U.S. and European Union officials. European Commission President Ursula von der Leyen responded swiftly, calling the move “deeply regrettable” and warning that the EU “will not hesitate to defend our industries and workers with proportionate countermeasures.”

Why Cars? The Economic Logic Behind the Move

From Trump’s perspective—and that of his economic advisors—the European auto sector represents a persistent trade imbalance. According to U.S. trade data, the European Union exported roughly 700,000 vehicles to the United States in 2024, while American automakers sent fewer than 150,000 cars to Europe. That gap, Trump argues, is partly due to non-tariff barriers like European safety and emissions regulations that effectively lock out U.S.-made vehicles.

“They don’t buy our cars, but they want to sell us theirs,” Trump said. “That ends now. We’re going to make it fair—or we’re going to make it expensive for them.”

The 25% figure is not arbitrary. Under Section 232 of the Trade Expansion Act of 1962, the U.S. Department of Commerce can impose tariffs on imports deemed a threat to national security. The Trump administration previously used this authority to slap 25% tariffs on steel and 10% on aluminum in 2018. A 2019 Commerce Department report concluded that imported vehicles “weaken our internal economy” and could impair national security by reducing domestic production capacity for military vehicles and parts.

Critics, however, argue that the national security rationale is a stretch. “Cars are not tanks,” said Dr. Lisa Chen, a trade economist at the Peterson Institute for International Economics. “This is a protectionist move designed to shield domestic automakers from competition, plain and simple. And it will likely backfire by raising prices for American consumers.”

What This Means for American Drivers and the Auto Industry

If the tariff takes effect, the impact will be felt almost immediately at dealerships across the country. European brands like Audi, Volvo, and Jaguar Land Rover—many of which are assembled in Europe—could see price increases of thousands of dollars per vehicle. For example, a BMW X5 SUV that currently retails for around $65,000 could jump to nearly $81,000 under the new tariff, assuming full cost pass-through to consumers.

American automakers like Ford and General Motors might initially benefit from reduced European competition, but the picture is complicated. Many of these companies rely on European-made parts and platforms for their own vehicles. Ford’s Mustang Mach-E, for instance, is built in Mexico but uses components sourced from Germany. Tariffs on European imports could raise production costs for U.S. automakers, leading to higher prices on domestic models as well.

“It’s not a simple win for Detroit,” said Mark Johnson, an industry analyst at AutoForecast Solutions. “The global supply chain is deeply interconnected. You can’t just tariff one part of it without causing a cascade of costs.”

Used car prices, which have only recently begun to stabilize after pandemic-era spikes, could also rise as demand shifts away from new European imports. Meanwhile, European automakers are likely to accelerate plans to expand their U.S. manufacturing footprint. BMW already operates a massive plant in Spartanburg, South Carolina, and Volkswagen is building a battery factory in Tennessee. But expanding production capacity takes years and billions of dollars.

Political and Diplomatic Fallout

The tariff announcement comes at a sensitive time for U.S.-EU relations. The two sides have been negotiating a new “green steel” agreement and coordinating on sanctions against Russia and China. European diplomats in Washington expressed frustration, with one official telling reporters off the record that the tariff threat “undermines months of trust-building.”

“This is not how allies treat each other,” said French Finance Minister Bruno Le Maire in a press conference. “We will not be intimidated. If the United States chooses conflict, we will respond with resolve.”

The EU has already prepared a list of retaliatory tariffs on American goods, including bourbon whiskey, Harley-Davidson motorcycles, and agricultural products like soybeans and oranges—a repeat of the 2018 trade dispute. That earlier conflict cost U.S. farmers billions in lost exports and prompted Congress to approve multiple rounds of farm bailouts.

Domestically, Trump’s move is likely to energize his base in the industrial Midwest, where auto jobs remain a powerful political symbol. But it also risks alienating suburban voters who drive European cars and may balk at higher prices. The Biden administration, meanwhile, has been notably silent, with White House press secretary Karine Jean-Pierre saying only that the president “is monitoring the situation closely.”

What Happens Next?

The tariff is not yet in effect. Trump said he would sign an executive order directing the Commerce Department to begin a 90-day review process, after which the tariff could be imposed. That timeline means the earliest implementation would be late summer, giving both sides a window for last-minute negotiations.

But Trump sounded uncompromising. “They know what they have to do,” he said. “Drop their own tariffs, open their markets, and start buying American. It’s that simple.”

Whether the EU will bend remains to be seen. European automakers have already begun lobbying their governments for a diplomatic solution, warning that a full-blown trade war could cost hundreds of thousands of jobs on both sides of the Atlantic. For now, the world watches and waits—and car buyers brace for sticker shock.

Ahmed Abed – News journalist

Latest

Want to hire for your robotics startup? The autonomous vehicle industry is ripe for picking. [Business Insider]

Want to hire for your robotics startup? The autonomous vehicle industry is ripe for picking. If you are trying to build a robotics startup right now, you know the pain. You are competing against the defense industry, big tech, and legacy manufacturers for the same small pool of engineers. But there is a secret patch of talent that is suddenly, and somewhat unexpectedly, available. I’m talking about the autonomous vehicle industry. For the last decade, self-driving car companies hoarded talent. They paid six-figure salaries for people who could write a sensor fusion algorithm or calibrate a LIDAR array. But the tide has turned. The hype has normalized. The "robotaxi in every driveway" promise has been pushed back a decade. And as a result, some of the most brilliant hardware and software engineers in the world are looking for their next move. This isn’t about poaching desperate people. It is about recognizing that the AV sector has matured into a perfect training ground ...

In OpenAI trial, Elon Musk points to meetings with Barack Obama and Larry Page as proof he's serious about AI risks [Business Insider]

In a California courtroom last week, the ongoing legal battle between Elon Musk and OpenAI took a turn into the realm of high-stakes geopolitics and celebrity summits. The Tesla and SpaceX CEO, testifying in a trial that could reshape the future of artificial intelligence development, pointed to two specific private meetings to underscore his long-standing warnings about unregulated AI. Musk, who co-founded OpenAI in 2015 and later left the board, is currently suing the company and its CEO, Sam Altman, alleging breach of contract and a deviation from the original non-profit mission. But in his testimony, Musk pivoted from the legal minutiae to a broader narrative: his personal, decades-long crusade to prevent an AI apocalypse. The Obama Meeting: A Warning at the Highest Level According to court transcripts, Musk recounted a private meeting with former President Barack Obama. The billionaire claimed he used this high-level audience to directly warn the 44th president about the exi...

Disney has decided to keep ESPN

It's official: Disney has decided to keep ESPN. After months of speculation, boardroom drama, and whispered rumors about spinning off the "Worldwide Leader in Sports," the House of Mouse has chosen to hold onto its most controversial—and profitable—asset. For sports fans, this is a seismic moment that deserves more than a headline. The decision, announced late Tuesday, ends a prolonged period of uncertainty. Analysts had been divided; some argued that ESPN's linear cable model was a dinosaur in a streaming world, while others insisted the brand still held immense value. Disney CEO Bob Iger, who returned to the helm in late 2022, has now made his stance clear: ESPN is staying in the family. Why the Change of Heart? To understand this, you have to look at the numbers. For all the talk about cord-cutting, ESPN still generates massive cash flow. It commands the highest affiliate fees of any cable network—around $9 per subscriber per month. That adds up to billions in...

Inside the rise of vibe coding's newest crowd [Business Insider]

In the sprawling digital landscape of 2024, a new kind of programmer is emerging. They don’t speak in Python or JavaScript. They don’t debug with breakpoints. They don’t even own a mechanical keyboard. Instead, they converse with artificial intelligence, describing their desires in plain English, and watch as code materializes before their eyes. This isn’t a dystopian future; it’s the present reality of "vibe coding," and its newest crowd is changing what it means to be a developer. Vibe coding, a term that first gained traction in niche developer forums, refers to the practice of using large language models (LLMs) like GPT-4, Claude, or specialized coding copilots to generate entire applications based on natural language prompts. The "vibe" is the key ingredient. It’s not about precise technical specifications. It’s about the mood, the aesthetic, the feeling you want the software to evoke. A user might say, "Create a retro-futuristic weather app that feels l...

Tory Burch says she would 'never trade off' being a good mom while building her company — but something had to give [Business Insider]

In a rare, candid interview that peeled back the glossy veneer of entrepreneurial mythology, fashion mogul Tory Burch admitted that building a billion-dollar brand while raising three sons required a trade-off she never publicly discussed—until now. "I would never trade off being a good mom," Burch told a small group of journalists last week in New York. "But something had to give. And that something was my own sleep, my own health, and the illusion that I could do it all perfectly." The 57-year-old designer, whose namesake company is valued at over $5 billion, has long been held up as a paragon of work-life balance. Yet in her new memoir and in conversations surrounding its release, Burch is rewriting that narrative—not as a confession of failure, but as a realistic blueprint for the compromises that define modern motherhood and ambition. The myth of 'having it all' Burch launched her company in 2004 from her kitchen table in Manhattan, with three y...

What SaaSpocalypse? Atlassian, Twilio, and Five9 stocks soar as their AI moves deliver earnings beats [Business Insider]

In a tech landscape often painted with broad strokes of doom and gloom over software-as-a-service (SaaS) valuations, a trio of enterprise stalwarts just flipped the script. Atlassian, Twilio, and Five9—three companies that have weathered their fair share of market skepticism—delivered earnings beats that sent their stocks soaring this week. The common thread? A sharp pivot toward artificial intelligence that isn't just a buzzword in a press release, but a tangible driver of customer uptake and revenue growth. Forget the "SaaSpocalypse" narrative for a moment; these results suggest that AI might just be the lifeline the sector needed. Atlassian: The DevOps Darling Gets an AI Upgrade Atlassian, the company behind Jira, Confluence, and Trello, has long been the backbone of developer workflows. But its latest earnings report, released late Wednesday, showed that the company is successfully moving beyond its traditional "self-managed" roots into a cloud-first, AI-...

I planned to travel indefinitely — instead, I started a company in rural Japan [Business Insider]

It started as a simple fantasy: sell everything, buy a one-way ticket to Japan, and wander through its remote villages and mountain trails for a year or two. I had the backpack picked out, the minimalist wardrobe sorted, and a Google Doc titled “The Infinite Trip” filled with potential itineraries. I was a news journalist covering city council meetings and downtown real estate developments, and I was burned out. The plan was to escape the noise, the deadlines, and the endless notifications. I wanted to live in a place where the loudest sound at 8 PM was a rice field’s irrigation pump. Six months later, I found myself in a dusty, vacant kominka (a traditional wooden farmhouse) in the Tohoku region of northern Japan, surrounded by empty sake bottles, a laptop with a cracked screen, and an incorporation certificate from the local legal affairs bureau. I hadn’t gone on a single hike in three weeks. Instead, I had accidentally started a company. This is the story of how my “infinite tra...

Trump administration says its war in Iran has been 'terminated' before 60-day deadline

So, here we are again. You might have caught the headlines this morning: "Trump administration says its war in Iran has been 'terminated' before 60-day deadline." And if you’re like me, you probably did a double-take. A war? Terminated? Before a deadline? It sounds like a plot twist from a geopolitical thriller, except this is real life, and real lives are tangled up in the words. Let me break this down for you, because the phrasing alone is enough to make you wonder if someone’s playing with semantics—or if there’s something genuinely newsworthy beneath the jargon. What exactly happened? According to statements attributed to the Trump administration, the military campaign they’d initiated against Iran—yes, a campaign they themselves described as a "war"—has now been called off. Not paused. Not paused for negotiations. Terminated. And here’s the kicker: this termination comes well before a self-imposed 60-day deadline that was supposedly set for the ...

US company aims to resurrect bluebuck antelope that was hunted to extinction

Let’s be honest: when you hear the words “de-extinction,” your brain probably jumps straight to Jurassic Park. You know, the chaotic scenes of velociraptors testing fences and a T. rex wreaking havoc in the rain. It’s a fun movie, sure, but it’s not exactly a blueprint for real-world science. Yet here we are, in 2025, with an actual company—a US-based biotech firm called Colossal Biosciences—announcing they want to bring back a creature that humans wiped off the planet centuries ago. Not a dinosaur. Not a woolly mammoth. An antelope. Specifically, the bluebuck antelope. And before you roll your eyes, hear me out. This isn’t some Silicon Valley stunt funded by a bored billionaire with a god complex. Well, maybe a little of that, but there’s more to it. The bluebuck ( Hippotragus leucophaeus ) was a striking animal—a medium-sized antelope with a bluish-grey coat (hence the name) and long, elegant horns. It once roamed the grasslands of South Africa’s southwestern Cape region. But by 18...

Here's what's behind oil's 8-day climb back to Iran-war highs [Business Insider]

Oil prices have surged for eight consecutive sessions, climbing back to levels not seen since the height of tensions with Iran earlier this year. The rally has caught many traders off guard, but the underlying drivers are a mix of tightening supply, geopolitical risk, and shifting market sentiment. Here’s a breakdown of what’s really behind this sustained climb. The Supply Squeeze: OPEC+ Discipline Meets Global Demand The most immediate factor is the ongoing production cuts from OPEC+ members, led by Saudi Arabia and Russia. Since late 2023, the alliance has trimmed output by roughly 2 million barrels per day (bpd). This isn't new news, but the market is now feeling the cumulative effect. Stockpiles in major consumer nations, especially the United States, have been drawing down faster than expected. The U.S. Energy Information Administration (EIA) reported a larger-than-anticipated crude inventory draw last week of 4.5 million barrels. When supply is tight, any additional bullis...