President Donald Trump announced Wednesday his decision to implement a 25% tariff on imported cars, effective April 2.
This tariff will affect both finished cars and trucks entering the United States, including those of American brands assembled abroad. Under the authority granted by Section 232 of the Trade Expansion Act of 1962, President Trump is imposing a 25% tariff on imports such as passenger vehicles—including sedans, SUVs, crossovers, and light trucks—and essential automobile parts like engines, transmissions, and electrical components. This measure aims to adjust imports for the sake of national security.
“If parts are made in America and a car isn’t, those parts are not going to be taxed or tariffed, and we will have very strong policing,” Trump said. “It’s one number, and that number is going to be used to reduce debt greatly in the United States and build things.”
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
Almost ten months ago, I spoke onstage at the Republican National Convention, ringing in the…
This week, the stock market yo-yoed wildly, taking investors on a roller coaster of stunning…
Schedule Summary: President Donald Trump will meet with the prime minister of Norway, sign executive…
The Supreme Court heard oral arguments Wednesday in a landmark case that could spell the…
Government and politics are a filler between elections, and election seasons get longer as time…