A recent announcement has been made regarding trade with the European Union. The details of this announcement are available from KHOU Houston. It is known that a tariff is being considered.

This tariff would be placed on autos from the EU. The reason given for this action is non-compliance with a trade deal. Further information on this development can be found through KHOU Houston, based in The Woodlands, TX.

They have reported that the tariff in question would be 25 percent.