7 hours agoTrump announces 25% tariffs for US car imports
Periskopi(a year ago)
(a year ago)US President Donald Trump has announced a 25 per cent new fee for vehicles imported to America. According to the BBC, the US president said the latest tariffs would go into effect on April 2nd, with the meeting starting tomorrow. Trump claimed the move would lead to the “achievement of [...]
US President Donald Trump has announced a 25 per cent new fee for vehicles imported to America.
According to the BBC, the US president said the latest tariffs would go into effect on April 2nd, with the meeting starting tomorrow.
Trump claimed the move would lead to <x0 extraordinary” achievement in the automotive industry, pledging it would boost job creation and investment in the US.
However, analysts said the move would likely cause major disruptions in car production, increase prices, and damage relations with allies.
Mexico is the largest foreign automobile supplier in the United States, followed by South Korea, Japan, Canada and Germany.
General Motors shares dropped about three percent Wednesday after the White House said it was planning the announcement.
When asked at a news conference if there was an opportunity to change his decision, Trump replied that there was no. /Periscopi/
