Countries Most Vulnerable to U.S. Car Tariffs
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Reuters |
U.S. President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.
U.S. News & World Report |
President Donald Trump says Wednesday will be “Liberation Day" — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.
USA Today |
A 25% tariff on all cars and light-duty trucks imported into the U.S. that's set to go into effect next week won't just cause new car prices to rise.
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Here's a breakdown of how important American sales are to various international carmakers:
Car buyers looking to snag new wheels will likely be confronted with sticker shock after President Trump’s 25% tax on imported vehicles and auto parts kicks in. Trump’s tariff on cars and light trucks is set to take effect on April 3 while tariffs on certain auto parts, including engines and transmissions, will take effect no later than May 3.
Trump's new round of tariffs are likely to result in price hikes on wide swaths of cars and trucks, not just those assembled in Mexico and Canada.
Trump says Americans don't need to speed car purchases to dodge 25% tariffs on imports beginning April 2 because the economy will 'boom.'