Good morning. Donald Trump announces a 25% levy on all car imports. European leaders gather today for a defense summit in Paris. And check out Lufthansa’s new first and business-class suites and seats. Listen to the day’s top stories.

Donald Trump announced a 25% levy on all cars imports, effective next week, sending shares of automakers lower. Separately, The EU expects the US to apply a double-digit tariff rate across the bloc when Trump announces reciprocal levies on April 2, people familiar said. Trump floated more tariffs on the EU and Canada if they work together to “do economic harm to the USA,” he said on Truth Social. Can’t keep track of all the tariff talk? Tap in to our tariff tracker.