Trump imposes 25% tariffs on cars not made in the United States

Donald Trump Pisa the accelerator in the commercial war with the announcement on Wednesday that a 25% tariff will apply for all vehicles made of the United States and that are exported to their country, in a new and aggressive measure of great imact. The president has announced it from the White House: “We will effectively charge a 25% tariff on cars.”

He has detailed how these new taxes will be deployed: “We will start with a base of 2.5%, which is the current one, and we reach 25%”, pointing out that the new figure will enter into force “from April 2.” «We are going to charge countries to do business in our country and take our jobs, take our wealth. What we are going to implement is a 25% tariff to all cars that are not manufactured in the United States. If they are manufactured in the United States, there is no tariff ». He explained.

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The US president explained that “the automobile pieces they meet will remain tariffs free until the Secretary of Commerce, in customs consultation and border protection establish the process to apply tariffs to non -American content.”

According to the accounts that Trump handles, these new tariffs will result in annual income for the United States of more than 1,000 million dollars. That April 2 in which they will enter into force has been qualified by the president as the “day of liberation.”

The president of the European Commission, Ursula von der Leyen, has reacted to this measure of Trump expressing her “deep rejection”: “Tariffs are taxes. Bad business, worse for consumers, in the EU and in the US ».

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Emily L., the artisan of words, Her prose dances, sings like birds. In the realm of content, her voice is heard. To reach out, drop an email to Emily at emily.l@indianetworknews.com.