TRUMP'S TARIFFS BACKFIRE! EU Auto Makers Threaten to Remove Cheap Cars From US Market 🤯

The European Union has (finally!) decided to stand up to Trump’s tariffs after another insane tariff threat by the US Administration. In response to auto tariffs being raised arbitrarily to 25%, European Commission President Ursula von der Leyen  said they are willing to fight for a fair deal, as major EU auto makers are reportedly threatening to pull their cheaper vehicle alternatives from the US market in retaliation. Let’s talk about this breaking news today. Tune into Episode 449 of The Bill Kelly Podcast for daily Canadian news updates. This news update was recorded on May 12, 2026. Join Bill’s LIVESTREAM every Thursday at 7 pm ET/4 pm PT! Watch last week’s Livecast here: https://youtube.com/live/CjSRCr00waA?feature=share WATCH A RELATED EPISODE: US Auto Giants CALL OUT Greer, DEMAND Stop to Trump’s Tariffs on Canada, Mexico https://youtu.be/wHzVSTyC980?si=Mard66Jha4jXgDGd Canada Sues Stellantis Over Brampton Auto Plant Betrayal, and They Are Playing DIRTY! | Canada News https://youtu.be/xv3KgButfoI US Trade Report Says It's Okay for the US, But NOT For Canada! Trump's Tariffs News Update https://youtu.be/nHnpqc8Bxo0 FURTHER READING J.D. Tuccille: Trump’s auto tariffs are soaking American buyers, and it is getting worse https://nationalpost.com/opinion/j-d-tuccille-trumps-auto-tariffs-are-soaking-american-buyers-and-it-is-getting-worse When the Wheels Come Off: How Surging Auto Loan Debt Is Hurting Households https://tcf.org/content/report/when-the-wheels-come-off-how-surging-auto-loan-debt-is-hurting-households/ The Average Cost of Auto Payments in 2024: US vs. Canada https://finance.yahoo.com/news/average-cost-auto-payments-2024-190541931.html Tariff Costs: New Car Prices Up 10% Since Last Year https://www.kbb.com/car-news/tariff-costs-new-car-prices-up-10-since-last-year/