New tariff hike could cost Germany $18BN

By The BriefBrief

Donald Trump said tariffs on EU cars and trucks will rise to 25% next week.

WHO: Donald Trump

WHAT: Trump announced a tariff increase on EU cars and trucks to 25% next week.

WHEN: May 2, 2026 at 11:24 AM ET

WHERE: Germany

WHY: The European Union is not complying with the trade deal terms.

How this story developed (showing 9 of 9 earlier reports)

Reporting from 11 identified publishers across this event arc.

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These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.

How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.

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