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US Auto Tariff Set To Shake Industry, Job Losses Loom
Trump Announces 25% Tariffs on All Foreign-made Vehicles, Some Auto Parts
Tariff club swings towards the Autos Industry! Trump will impose a 25% tariff on automobile imports starting next week.
USA President Donald Trump signed an order to impose a 25% tariff on Autos imports, aiming to expand the trade war and create more manufacturing job opportunities in the USA.
Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.
① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.
Trump Places 25% Tariffs on All Autos Not Made in the U.S. GM, Ford, and Stellantis Stock Drop. -- Barrons.com
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