Trump Announces 25% Tariffs on Car Imports to the US, Impacting Auto Industry
US President Donald Trump has announced new trade taxes of 25% on cars being imported to the US.
Trump said the latest tariffs would come into effect on 2 April, with collections starting the next day.
He claimed the measure would lead to “tremendous growth” for the car industry, promising it would spur jobs and investment in the US.
But analysts have said the move is likely to cause major disruption in car production, increase prices, and strain relations with allies.