According to The Kobeissi Letter, President Trump stated that 25% tariffs will be announced 'very soon' with a focus on car imports. This announcement could significantly impact automotive trade and investment strategies.

According to The Kobeissi Letter, President Trump announced that 25% tariffs on EU imports, specifically targeting car imports, will be declared 'very soon'. He stated that these tariffs will be applied 'generally' and criticized the EU's formation as detrimental to the US economy.