Donald Trump to impose a 25 % tariff on US car imports

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Donald Trump said on Wednesday that he would impose a 25 percent tariff on foreign -made imports on Wednesday, where he announced a major escalation in his trade war with America’s allies.

The definitions will enter into force on April 2, which is the deadline that the US President imposed on himself to reveal many reciprocity. Definitions Against the United States, commercial partners.

“This is the beginning of the liberation day in America,” Trump said at the Oval Office on Wednesday evening. He added: “If you build your car in the United States, there will be no tariff.”

When asked if there is anything that car makers could do to remove the tariffs, Trump replied: “This is permanent, 100 percent.”

The President offered to postpone the auto industry earlier this month when he temporarily gave the new customs tariffs all the goods that complied with the terms of the United States’ commercial deal for 2020 with Canada and Mexico.

Speaking on Wednesday, Trump did not specify any exemptions from these car tariffs. “For the largest part, I think it will drive cars in one place,” he said.

Car makers She strongly pressed the definitions, on the pretext that it would increase their supply chains and increase the cost of cars for American car drivers.

General Motors fell 4 percent in the trading of hours after Wednesday, while the US -listed shares in Chrysler, Dentees decreased by a similar difference, according to FactSet data. Ford fell about 2 percent.

Trump’s advertisement was the latest in a series of definitions he put forward since his return to office in January, including an additional 20 percent tax on all goods from China, and 25 percent on all steel and aluminum imports to the United States.

Earlier this week, Trump said that the United States would take place Application of 25 % definitions On all the goods imported to the United States from countries that bought Venezuelan oil and gas, which also begin on April 2. These definitions are likely to strike China, India, Spain and Italy, among other things.

“Basically, I consider it to reduce taxes and reduce debt as well,” Trump said. “In a fairly short period of time, I think we have a public budget that will be great.”