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What's in Trump's new 25% tariffs on US auto imports?

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.
The article from Reuters discusses former U.S. President Donald Trump's proposal to impose a 25% tariff on imported cars if he were to win the 2024 presidential election. This policy, aimed at protecting American auto manufacturers, would significantly impact global trade dynamics, particularly affecting countries like China, Japan, South Korea, and the European Union, which are major exporters of vehicles to the U.S. The tariff could lead to retaliatory measures from these nations, potentially sparking a trade war. Additionally, it might increase car prices for American consumers, disrupt supply chains, and affect the competitiveness of U.S. carmakers in the global market. The proposal has stirred debate over its economic implications, with critics arguing it could lead to job losses in sectors dependent on exports and raise costs for consumers, while supporters believe it would bolster domestic manufacturing and reduce the trade deficit.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/whats-trumps-new-25-tariffs-us-auto-imports-2025-03-27/ ]