President Donald Trump has Signed a declaration A 25% tariff on “all cars made in the United States” is imposed on taxes that have been achieved. The tariffs will apply to all imported sedans, SUVs, crossovers, minivans, vans and light trucks. They will also be suitable for key automotive components not manufactured in the United States, including engines, transmissions, powertrain parts and electrical components, which can be expanded to cover other parts if necessary. The new tariffs will come into effect on April 2, and the U.S. government is expected to start collecting on April 3.
according to CNBCthe president assured automakers that cars made in the United States would have “absolutely no tariffs.” The government also provides auto companies with time to import goods under the U.S.-Mexico-Canada Agreement to obtain certification for their parts so that additional taxes apply only to the value of their non-US-made parts. trump card First announce His government will impose a 25% tariff on auto imports in February. He also said the government was planning to charge an additional 25% tax or higher in the semiconductor import tax at the time.
Trump’s White House aide Will Scharf said the new car tariffs would receive “more than $100 billion in new year revenue” in the United States. European Commission President Ursula Von der Leyen criticized the U.S. government’s decision. She’s in statement. However, in the White House announcement, the government insisted that tariffs are good for the country’s economy and would not lead to inflation or price increases.
