Trump Issues '25% Tariff Death Order' on Imported Cars: Effective April 2!
Trump officially announced a 'permanent' 25% tariff on imports of non-American manufactured cars, effective April 2, vowing to 'take back the wealth that has been stolen.' Japanese, German, and South Korean car manufacturers may suffer heavy losses, and American consumers are likely to face a surge in car prices.
U.S. President Trump signed an order imposing a 25% tariff on imported cars, expanding the trade war aimed at bringing more manufacturing jobs to America and laying the groundwork for broader tax enforcement next week.
Trump stated on Wednesday at the White House: 'We will impose a 25% tariff on all cars not manufactured in the United States. We are going to charge countries that do business in our country because they have taken our jobs, taken our wealth, and have taken a lot from us over the years.'
This means a period of quiet before the cryptocurrency market takes effect, with a downturn unavoidable after implementation.
