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Donald Trump confirms the imposition of tariffs on automobiles: How have other countries responded? 😳
After the White House spokesperson, Karoline Leavitt, announced that a decision would be made this Wednesday regarding the imposition of tariffs on automobiles, the President of the United States, Donald Trump, confirmed the news.
According to the President, a 25% tariff will be imposed on all automobiles not produced in the United States. Donald Trump added that countries that do business with the United States and displace jobs and economic resources out of the country will be sanctioned.
In addition to this, Trump mentioned that before his return to the White House, car manufacturers moved to build in Canada, in Mexico, but are now returning. For this reason, he stated that the tariffs will arrive on April 2nd, known as "Liberation Day," the day when reciprocal tariffs will take effect.
The United States imported in 2024 automotive sector products worth 475 billion dollars, nearly half of which were vehicles.