March 27, 2025
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US imposed 25% tariff on auto imports
(20 second reading) US President Donald Trump on Wednesday announced a 25% tariff on auto imports, in a move set to raise tensions with the trading allies.
The tariff is set to come into effect starting April 2, as announced earlier. The latest move is likely to impact foreign-made cars and light trucks, besides existing tariffs on such goods.
“What we’re going to be doing is a 25 percent tariff on all cars that are not made in the United States. If they’re made in the United States, it is absolutely no tariff,” Trump said at the White House.
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