Donald Trump announces new 25% tariffs on cars from overseas
President says levies will take effect on 2 April when he is expected to unveil reciprocal tariffs on other imports
Donald Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the US president is expected to announce wide-ranging levies on other goods from around the world.
“What we’re going to be doing is a 25% tariff for all cars that are not made in the United States,” Trump said in the Oval Office. “We start off with a 2.5% base, which is what we’re at, and go to 25%.”
The tariffs will go into effect next week, on 2 April, the president claimed, and the US will start collecting them the following day. “This is very exciting,” he said, suggesting the move would spur economic growth.
In February, Trump floated the idea of a 25% tariff on imported vehicles but had offered no other details. On Monday, the president hinted that the auto industry levies could come in “the very near future”.
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<p>Fear is spreading across the US as President Donald Trump begins a brutal new crackdown against those that oppose him and his mate.</p>
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