At its heart this is a universal tariff of 10% on all imports into the US for everyone, coming in on Friday night. On top of that, dozens of “worst offenders” will be charged reciprocally for their trade surpluses, tariffs and host of other barriers from VAT to food standards.

French Minister of Industry and Energy Marc Ferracci speaks during the questions to the government session at the National Assembly in Paris, France, March 18, 2025. REUTERS/Sarah Meyssonnier/File photo PARIS (Reuters) - Europe will respond to the likely implementation of tariffs by U.

US President Donald Trump just announced steep tariffs on the country’s major trading partners. Here’s what to know. ‘Reciprocal tariffs’: The US will impose so-called reciprocal tariffs on China of 34 per cent and hit the EU with a levy of 20 per cent.

The commission said that 16 major car manufacturers and the ACEA entered into what it called anticompetitive agreements for almost 15 years.

Volkswagen , Stellantis , 13 other carmakers and their car association were fined a total of 458 million euros ($495 million) by EU antitrust regulators on Tuesday for taking part in a vehicle recycling cartel.