Press "Enter" to skip to content

Watch: Trump Talks Tariffs on New Cars Imported to US in Announcement Presser

By Becca Lower

 

During a press conference in the Oval Office on Wednesday, President Trump announced that all cars and trucks imported into the United States beginning on April 1 will be slapped with tariffs. He helpfully explained which vehicles will and will not be affected by the move:

President Trump said on Wednesday that he would impose a 25 percent tariffs on all cars that are shipped into the United States.

The tariffs will go into effect on April 2, and will apply to finished cars and trucks that are shipped into the United States, including American brands whose automobiles are assembled overseas.

The move is aimed at pushing companies to set up more factories into the United States, a primary goal for Mr. Trump, who called the move “very exciting” during remarks from the Oval Office.

“Anybody who has plants in the United States, it’s going to be good for,” Mr. Trump said.

The president, calling the new tariffs “modest,” explained that this will only affect cars “not made in the United States. If they’re made in the United States, there’s absolutely no tariff.”

The base tariff is two percent, which is being raised to 25 percent, he said. He noted that there have been recent stories of companies returning to manufacturing their products in the U.S., to avoid the administration’s levies on imported goods, which he campaigned on in 2024…

READ FULL ARTICLE HERE… (redstate.com)

Live Stream + Chat (zutalk.com)

 


Home | Caravan to Midnight (zutalk.com)

We Need Your Help To Keep Caravan To Midnight Going,

Please Consider Donating To Help Keep Independent Media Independent 

Breaking News: