EU Non-Compliance Leads to US Tariff Increase
EU failed to comply with 2025 Trade Deal, prompting tariffs.
2025 Turnberry Agreement capped tariffs at 15% for EU investment commitments.
Implementation of the agreement lagged as Trump pursued broader tariffs.
European manufacturers face increased pressure from new tariffs.
Trump links 25% levy to onshoring, exempting EU brands built in US plants.
Analysts warn of costs, supply chain disruptions, and retaliation risks.
Ferrari shares fell after Vanguard added to their position.
Supreme Court ruled Trump lacked authority for economic emergency tariffs.
EU Commission claims US should honor 2025 Trade Deal commitments.
2 days ago