President Donald Trump has declared his intention to implement a 25% tariff on imports from the European Union, specifically targeting automobiles and potentially other goods.

This announcement was made during his first cabinet meeting of the new administration, where he criticized the EU's trade practices, alleging that the bloc was established to disadvantage the United States.

The President stated that the tariffs would be officially announced soon and would encompass cars and various other products.

This move has raised concerns about a potential trade war between the U.S. and the EU, with European officials indicating possible retaliatory measures.

The U.S. trade deficit with the EU was approximately $235.6 billion last year, according to official figures.

The automotive industry, particularly in Germany, is expected to be significantly impacted by these tariffs, potentially leading to higher vehicle prices and strained diplomatic relations.