Pres. Trump on a Truth Social post says he will increase tariffs on European cars and trucks next week to 25% citing that they are not fully agreeing to the trade deal. Stocks have come off a bit on the news but they still remain in positive territory. The US dollar has also moved modestly to the upside but remains lower on the day.Recall that the US Supreme Court said that the initial out of tariffs were unconstitutional and would need to be paid back. That total is estimated at $160 billion. Citing a breach of a trade deal, seems to be the justification. That is despite the fact that the plants are being built in the US. Building plants takes time.There was good news on the tarriff front after the recent visit by the King of England. Trump announced that the U.S. will remove tariffs on Scottish (Scotch) whisky, reversing the roughly 10% duty that had been imposed in 2025 on certain UK goods. The gestue is being viewed largely as a diplomatic gesture toward the United Kingdom. While the policy shift has been confirmed, the rollout is still in its early stages, meaning the actual removal and pricing impact may take some time to fully filter through.King Charles gave the President a bell and gave the Pres. a few days of the royal treatment. This article was written by Greg Michalowski at investinglive.com.