Trump Announces 25 Percent Tariffs on Foreign Cars
The auto tariff will take effect on April 2, when the United States will impose broad reciprocal tariffs on its trading partners
President Donald Trump on March 26 announced 25 percent tariffs on foreign cars in a move aimed at boosting domestic auto manufacturing.
Speaking to reporters at the Oval Office, Trump said cars that are made in the United States will not face tariffs.
“This will continue to spur growth like you haven’t seen,” the president said. “I think our automobile business will flourish like it’s never flourished before.” ---More...
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