Trump announces new 25% tariffs on car import to US


Source: firstpost.com firstpost.com

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US President Donald Trump has announced a 25 per cent tariff on auto imports, aiming to boost domestic manufacturing. The tariffs will take effect on 2 April, with collection beginning on 3 April. read more US President Donald Trump announced a 25 per cent tariff on auto imports on Wednesday, adding to a list of import tariffs he had previously announced. The tariffs will take effect on 2 April, with collection beginning on 3 April. “What we’re going to be doing is a 25 per cent tariff on all cars that are not made in the United States. This will...