Business

Trump to raise tariffs on EU vehicles to 25%

May 02, 2026

New York [US], May 2: US President Donald Trump announced that he will raise tariffs on cars and trucks imported from the European Union to 25 percent, citing the bloc's failure to comply with the trade agreement concluded with Washington.
Trump said, "Due to the European Union's non-compliance with our trade agreement, I will raise, next week, the tariffs imposed on EU exports of cars and trucks to the United States."
Source: Emirates News Agency

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Greater production flexibility benefits ADNOC's listed companies

Abu Dhabi [UAE], May 2: The UAE's decision to conclude its membership of OPEC and OPEC+ reflects a shift towards aligning production more closely with capacity and market demand. For ADNOC's portfolio of listed companies, the change removes a constraint that has historically limited how investment in capacity translates into activity and earnings.

May 02, 2026