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.