World Business Report, Trump announces 25% tariffs on cars from the EU

World Business Report

Trump announces 25% tariffs on cars from the EU

1 May 2026

26 minutes

Available for 29 days

The US President Donald Trump has announced a new hike on cars and trucks imported from the European Union, accusing the EU of not adhering to their trade deal.

In the meantime, Beijing has announced that fifty-three African states will be enjoying trade-free trade with China - all except one, the small land-locked state Eswatini, as it recognises Taiwan.

And in France there is confusion over a new law allowing bakeries to stay open on the 1st of May.

Picture: "U.S. President Donald Trump attends an event at The Villages Charter School at The Villages". Credit: Reuters