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President Trump Announces 25% Tariff on All Autos Not Made in United States
Trump's auto tariffs have triggered a strong backlash, with the USA Chamber of Commerce stating that it will harm rather than help the auto industry.
On Wednesday, as manufacturers awaited President Trump's latest tariff announcement, auto stocks, including General Motors and Stellantis, plummeted. The Dow Jones USA Auto Manufacturers Index fell by 5%, and Tesla's stock price dropped by 5.6%. Industry estimates suggest that as a result of the tariffs, car prices in the USA could increase by as much as $0.01 million. Trump announced on Wednesday at the White House that he would impose a new 25% tariff on foreign-made cars and light trucks. Trump stated that the new tariff will take effect on April 2, and he added, 'We will begin collecting on April 3,' noting that the tariffs will not affect cars manufactured in the USA.
GM Seen Topping U.S. Vehicle Sales in 1Q -- Market Talk
Express News | In overnight trading, automakers' shares fall following President Trump's announcement of a 25% tariff on all autos not made in the U.S., despite a one-month tariff exemption for auto parts imports. GameStop shares down 7%.
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.
Express News | Trump Autos Proclamation Provides One-Month Tariff Exemption for Auto Parts Imports Until May 3
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Tchildress84 : isn’t that the money that was supposed to trickle down thru the tax breaks they gave wealthy and large companies. you know reinvest in the workers like was promised when the tax cut was passed. lol i think we all seen this coming.
只需转一点 : Is T-Mobile included? This is Deutsche Telekom.