Donald trump tariff news: US President Donald Trump on Wednesday announced a huge tariff on auto imports. The White House reported that Trump has announced a 25 percent tariff on foreign vehicles. Trump’s move can cause chaos in the auto sector as Trump’s sudden decision may increase tension with business partners.
This tariff will be applicable from April 2.
Trump said at the White House, “We are going to impose 25 percent tariffs on cars that are not made in America. If the car is made in the US, there will be no tariff. My decision will be applicable from April 2.” Trump specifically stated that this new tariff is currently being imposed in addition to tariffs applied to foreign cars and light trucks.
The European Union is angry.
The European Union chief Ursula von deer Leyen on Wednesday strongly criticized US President Donald Trump’s announcement of 25 percent new tariff on all auto imports. “I am deeply sorry for the US decision to put tariffs on European automotive exports,” von Der Leyen said in a statement. He said that the European Union will continue to find solutions to these disputes through talks to protect its economic interests.
