U.S. President Donald Trump has announced a 25% tariff on imported cars, aiming to revive U.S. auto manufacturing and add jobs, despite uncertainty over its cross-border impact.
U.S. President Donald Trump has announced new trade tariffs of 25% on cars imported into the United States.
The latest tariffs will take effect on April 2, with collections beginning the following day. These levies will be applied in addition to existing duties on imported goods.
Cars manufactured within the United States will not be subject to the new tariffs.
Trump claimed the measure would result in “tremendous growth” for the auto industry, saying it would boost jobs and attract investment.
Many American car companies operate in Mexico and Canada under the terms of a longstanding free trade agreement among the three countries. It remains unclear how the tariffs will affect cross-border shipments of car parts to manufacturing plants.
Since returning to office in January, Trump has introduced new tariffs on imports from key U.S. trading partners, including Canada, Mexico, and China—along with a 25% duty on steel and aluminum.
Read next
06:15
U.S. President Donald Trump announced on Sunday that his upcoming reciprocal tariffs will apply to all nations, rather than just targeting the 10 to 15 countries with the largest trade imbalances. Trump plans to unveil the tariff package on Wednesday, calling it “Liberation Day.”
05:25
U.S. President Donald Trump said on Sunday that Ukrainian President Volodymyr Zelenskyy is attempting to back out of a critical minerals deal, warning that such a move would bring serious repercussions.
05:08
Bangladesh’s main opposition party, the Bangladesh Nationalist Party (BNP), has warned of public unrest if elections are not held by December, following remarks from interim leader Muhammad Yunus suggesting a possible delay until 2026.
05:00
Over 300,000 Canadians were left without power on Sunday as a severe ice storm battered parts of Ontario, according to electricity provider Hydro One. The storm brought freezing rain and ice pellets over the weekend, with power outages continuing into Monday morning in some regions.
04:42
French far-right leader Marine Le Pen is awaiting a critical court ruling on Monday that could determine her political future. Le Pen, head of the National Rally (RN), faces accusations of embezzling over 3 million euros ($3.3 million) of European Parliament funds to pay France-based staff.
What is your opinion on this topic?
Leave the first comment