Trump announces new auto tariffs ahead of April 2 deadline
US President Donald Trump announced a 25% tariff on imported autos starting April 2, affecting foreign-made cars and light trucks. This move aims to boost US manufacturing but could strain trade relations with key partners like Japan, Germany, and Canada. The tariffs may increase car prices and impact consumer demand and employment in the auto sector. Trump's broader tariff plans also target pharmaceuticals and semiconductors.
US President Donald Trump announced a 25% tariff on imported autos starting April 2, affecting foreign-made cars and light trucks. This move aims to boost US manufacturing but could strain trade relations with key partners like Japan, Germany, and Canada. The tariffs may increase car prices and impact consumer demand and employment in the auto sector. Trump's broader tariff plans also target pharmaceuticals and semiconductors.
