President Trump announces 25% tariff on all imported cars ahead of ‘liberation day’

News Snapshot:

US President Donald Trump has announced a new 25% tariff on all imported cars. Signing an executive order, Mr Trump said the tax would kick in on 2 April - what he has called "liberation day". This is when all his retaliatory import tariffs take effect. Speaking late on Wednesday, Mr Trump said: "This will continue to spur growth. We'll effectively be charging a 25% tariff." However, the tariffs could be complicated as even American car makers source components from around the world - meaning they could also face higher costs and lower sales. During his second term, Mr Trump...