Securities Regulation Daily Wrap Up, VITAL BRIEFING—Trump threatens to raise tariffs on European autos, (May 8, 2026)
Germany, which is the largest automaker in Europe and the EU’s largest auto exporter, will be particularly hard hit by the higher tariffs President Trump has ordered.
In this installment of Tariff Insights, Thomas Thompson explores the mounting trade tensions between the U.S. and the European Union, as well as the possibly that the Trump administration will continue to oppose a court order to refund tariff payments unlawfully collected under International Emergency Economic Powers Act (IEEPA). Some of the matters Thompson discusses in the article include:
President Trump’s frustration with EU member countries for their refusal actively to join U.S. and Israeli military operations against Iran when attacks were launched on the country at the end of February.
Consternation expressed by European leaders regarding U.S. actions which they assert contravene agreements reached with the Trump administration in July 2025, as well as subsequent efforts to find a joint solution to resolve outstanding differences.
The European response to President Trump’s threats against Denmark and other EU countries regarding the sovereignty of Greenland.
The current legal status of over 47,000 requested refunds by importers after $166 billion in tariffs collected by the Trump administration, following the Supreme Court’s IEEPA decision.
To read the article, click Trump threatens to raise tariffs on European autos.
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