Trump threatens 25% tariffs on EU cars, risking higher prices and port impacts.

President Trump has threatened to impose a 25% tariff on all passenger vehicle imports from the European Union starting next week, up from the current 15%. This move could raise prices for luxury European cars in the U.S. and negatively affect key seaports like Baltimore, Brunswick, and Newark that handle significant EU vehicle imports. The tariffs come amid ongoing tensions over trade and military presence in Germany, and could worsen inflation and supply chain challenges. The EU disputes the claim that it is slow to reduce tariffs on U.S. exports, and the impact will mainly hit luxury brands such as Porsche, BMW, and Mercedes.