Fri, April 11, 2025
[ Today @ 01:01 AM ] - Forbes
Trump Imposes 25% Tariff On Autos: The Immediate Impact Is Negligible
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Trump Imposes 25% Tariff On Autos: The Immediate Impact Is Negligible


Published on 2025-04-11 01:01:28 - Forbes
  Print publication without navigation

  • The announced tariffs could significantly increase costs. But Trump has wiggle room. Vehicles will remain tariff-free until Customs establishes a new process.

In an article by Steve Banker published on Forbes on March 27, 2025, it is discussed that former President Donald Trump's imposition of a 25% tariff on autos would have a negligible immediate impact on the automotive industry. The article explains that the U.S. auto market is already heavily protected, with existing tariffs and trade agreements in place. Additionally, the demand for vehicles in the U.S. is currently low due to economic conditions, which would further mitigate the tariff's effect. Banker also notes that while the immediate impact might be minimal, the long-term effects could be more significant, potentially leading to retaliatory tariffs from other countries and affecting global trade dynamics.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/stevebanker/2025/03/27/trump-imposes-25-tariff-on-autos-the-immediate-impact-is-negligible/ ]