<p>Pres. Trump on a Truth Social post says he will increase tariffs on European cars and trucks next week to 25% citing that they are not fully agreeing to the trade deal. </p><p>Stocks have come off a bit on the news but they still remain in positive territory. The US dollar has also moved modestly to the upside but remains lower on the day.</p><p>Recall that the US Supreme Court said that the initial out of tariffs were unconstitutional and would need to be paid back. That total is estimated at $160 billion. Citing a breach of a trade deal, seems to be the justification. That is despite the fact that the plants are being built in the US. Building plants takes time.</p> This article was written by Greg Michalowski at investinglive.com.
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