Trump slaps a 25% tariff on all cars not made in the USA

Trump slaps a 25% tariff on all cars not made in the USA (is in addition to tariffs already in place,)

• Trump says others will come into the USA and build plants
• an aide adds there will be tariffs on light trucks also
• will be another round of tariffs on April 2
• people will be pleasantly surprised about reciprocal tariffs
• reciprocal tariffs will be on all countires
• if parts are made in the US and the car is not, then parts not tariffed

Trump speaking. He hasn’t mentioned a date this’ll take effect. Hasn’t mentioned any (if any) exemptions.

• Added – here we go, auto tariffs going into effect April 2

More:

• trying to get approved if you borrow money to buy a car you can deduct interest payments for tax if car made in USA

This article was written by Eamonn Sheridan at www.forexlive.com.