Since returning to the presidency in January, Trump has already imposed tariffs on imports from major US trading partners Canada, Mexico and China -- as well as a 25 percent duty on steel and aluminum imports.
Washington:US President Donald Trump announced steep tariffs on auto imports Wednesday, in a move set to fuel tensions with trading partners ahead of further promised levies next week.
"What we're going to be doing is a 25 percent tariff on all cars that are not made in the United States. If they're made in the United States, it is absolutely no tariff," he said at the White House.
The move is set to take effect April 2 and impact foreign-made cars and light trucks, in addition to existing tariffs on those goods.
Since returning to the presidency in January, Trump has already imposed tariffs on imports from major US trading partners Canada, Mexico and China -- as well as a 25 percent duty on steel and aluminum imports.
But he previously offered automakers temporary reprieve from the levies affecting North America.
Uncertainty over Trump's trade plans and worries they could trigger a downturn have roiled financial markets, with consumer confidence also falling in recent months amid fears of the tariffs' effects.
%20and%20the%20other%20Sildenafil%20(Viagra),%20placed.webp)
,%20showcasing%20Aligarh%20Muslim%20University%20(AMU)%20with%20its%20iconic%20architecture,%20bustling.webp)
0 Comments