Trump announces 25% tariffs on all foreign-made cars
By gpricenyp
WASHINGTON — President Trump announced a 25% tariff on all foreign-made cars Wednesday — saying it would boost domestic manufacturing.
Trump announced the move in the Oval Office, saying that “this is gonna lead to the construction of a lot of plants” to build cars domestically.
Donald Trump
President Trump imposed 25% tariffs on cars not made in the US.
AFP via Getty Images
“We’ll effectively be charging a 25% tariff, but if you build your car in the United States, there is no tariff,” he said.
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