US president says EU ‘not complying’ with current trade deal; launches latest tariffs amid global economic uncertainty.

United States President Donald Trump has said he will increase tariffs on automobiles from the European Union to 25 per cent.

The announcement on Friday could jolt the world economy at a time when it is already fragile from the knock-ons of the US-Israel war with Iran.

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It came months after the US and the EU had forged a trade deal as Trump imposed sweeping reciprocal tariffs on trade partners across the world.…