๐จ Trump Drops 25% Tariff on All Imported Cars
Yep, itโs official. Trump just announced a massive 25% tariff on all cars not made in the U.S. โ up from the current 2.5%. He says it kicks in April 2nd and even dubbed it โLiberation Day.โ
The reaction? ๐ฅ Not good.
- Canadaโs PM called it a direct attack and promised to fight back.
- Japanโs not happy either โ theyโre considering all options.
Automaker stocks like Toyota, Nissan, Hyundai dropped fast.
Toyota: -3.7%
Nissan: -3.2%
Honda: -3.1%
Hyundai (South Korea): -3.4%
Industry experts are warning: this could push U.S. car prices up by $12K, and cost tens of thousands of jobs across North America.
Meanwhile, polls say most Americans are worried about how tariffs will hit their wallets โ and honestly, they might be right to be.
Looks like this move might โpour money inโ for the U.S. governmentโฆ but at what cost? ๐