New Delhi – Former US President Donald Trump has once again taken a big decision, shocking the international trade world. He has announced that 25% import duty (tariff) will be imposed on all foreign cars imported in the US. Trump clarified that this tariff would only apply to cars that are not manufactured in the US, while domestic construction will be completely exempted from it.
Construction will be encouraged in America, pressure on foreign companies
Trump described the move as an urgent decision towards ‘strengthening American manufacturing’. He says that this policy will motivate foreign companies to start production in the US, which will increase employment opportunities in the country and strengthen the local industry.
This new tariff will come into effect from April 2 and its recovery will be started from April 3.
Trump’s bluntly: If not made in America, then tax will be levied
During an event held at the Oval Office of the White House, Trump said, “
“We are going to levy 25% fees on all cars that are not made in America. If a company makes a car in America, it will not be taxed.”
It has become clear from this statement that Trump wants to make America a manufacturing hub again and is in favor of giving priority to domestic production at every level.
Impact of this decision: Disrupting supply chain, impact on customers’ pockets
However, experts believe that this tariff will also affect American customers.
- Building in the US is a long process for foreign car companies.
- Obstacles may arise in the supply chain.
- Price of cars may increase due to expensive imports, causing common American consumers to face inflation.
Trump’s big plan: more decisions possible on ‘Liberation Day’
Trump has declared ‘Liberation Day’ on 2 April and indicated that many more business decisions may be announced on this day. This initiative is being taken with the intention of eliminating trade imbalance and promoting American production.
Will China benefit? Trump softened over ticket
Meanwhile, Trump also made an important statement about China. He indicated that if China comes under an agreement with the US regarding tickets, they could be given some relief in tariffs.
“In the case of tickets, perhaps China will have to join some form or the other. If they cooperate, I can consider giving some concession in tariffs.”
From this it is estimated that Trump wants to come to the conversation table with China by creating a business pressure.
