Trump announces 25% tariffs on all cars ‘not made in the United States’
- On Wednesday, US President Donald Trump announced a 25% tariff on imported cars and light trucks, effective April 2, and on auto parts from May 3.
- The White House stated that these tariffs are intended to strengthen domestic manufacturing, though the move has been met with widespread criticism.
- Countries like Canada, Japan, and South Korea, along with the European Union, are reacting to the tariffs, which are expected to impact supply chains involving the United States, Canada, and Mexico.
- Ursula von der Leyen, European Commission President, slammed the move and cautioned that it could augment trade tensions, while Trump stated, "We'll effectively be charging a 25 per cent tariff" and "This will continue to spur growth."
- World powers, including Canadian Prime Minister Mark Carney and Japanese Prime Minister Shigeru Ishiba, blasted the tariffs and vowed retaliation, with concerns raised about the potential impact on consumer confidence and the possibility of increased car prices.
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682 Articles
charitonleader.com
Trump announces 25% tariffs on foreign-built vehicles
World powers on Thursday blasted US President Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as trade tensions intensify and price hikes appear on the horizon.
Trump drives trade war fears as auto tariffs pound allies
Governments from Ottawa to Paris threatened retaliation on Thursday after President Donald Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war, hammering stocks and testing already strained ties with allies.
On Wednesday, Donald Trump announced the introduction of additional customs duties on automotive imports. This measure is due to come into force on April 2, and no later than May 3rd for key car parts. A decision with heavy impacts in Europe and the world. - New US customs duties on cars: who will be the big losers? (Economy). TF1 INFO
ABC FOX Montana
Global outcry as Trump heaps tariffs on foreign autos and parts
World powers on Thursday blasted US President Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as a widening trade war intensifies.
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