President Trump has threatened to impose new tariffs on goods imported from the European Union, with automobiles specifically mentioned as a key target. This move escalates trade tensions between the U.S. and the E.U., potentially impacting the automotive industry and consumer prices. The focus on automobiles highlights their significance as a major European export to the United States. The implications of these tariffs could lead to retaliatory measures from the E.U. and further disruption to global trade flows.