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🚀🚀🚀Breaking! Trump Signs: Permanent 25% Tariff
On March 26 local time, U.S. President Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. The related measures will take effect on April 2.
Trump stated that the car tariffs will be permanent. He indicated that if cars are manufactured in the U.S., no tariffs will be applied. Trump mentioned that Tesla's CEO Elon Musk has not made any suggestions regarding the car tariffs, nor has he sought any benefits from them.
On the same day, Trump also stated that the U.S. will impose tariffs on lumber and pharmaceuticals. That day, White House spokesperson Harrison Fields stated that the 25% tariff measures will apply to imported passenger cars and light trucks, as well as critical automotive parts (engines, transmissions, powertrain components, and electrical components), with the possibility of increasing tariffs on other parts if necessary.
Fields noted that automotive parts that comply with the 'United States-Mexico-Canada Agreement' (USMCA) will continue to be tariff-free until discussions with the Secretary of Commerce and Customs and Border Protection have concluded.
Canadian Prime Minister: Possible Retaliatory Tariffs
On the same day, Canadian Prime Minister Carney stated that Canada will soon respond to the newly imposed U.S. car tariffs and may take retaliatory tariffs. Carney said he is confident he will speak with Trump soon. Carney remarked that the car tariffs announced by Trump are a direct attack on Canadian workers.
On March 26 local time, U.S. President Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. The related measures will take effect on April 2.
Trump stated that the car tariffs will be permanent. He indicated that if cars are manufactured in the U.S., no tariffs will be applied. Trump mentioned that Tesla's CEO Elon Musk has not made any suggestions regarding the car tariffs, nor has he sought any benefits from them.
On the same day, Trump also stated that the U.S. will impose tariffs on lumber and pharmaceuticals. That day, White House spokesperson Harrison Fields stated that the 25% tariff measures will apply to imported passenger cars and light trucks, as well as critical automotive parts (engines, transmissions, powertrain components, and electrical components), with the possibility of increasing tariffs on other parts if necessary.
Fields noted that automotive parts that comply with the 'United States-Mexico-Canada Agreement' (USMCA) will continue to be tariff-free until discussions with the Secretary of Commerce and Customs and Border Protection have concluded.
Canadian Prime Minister: Possible Retaliatory Tariffs
On the same day, Canadian Prime Minister Carney stated that Canada will soon respond to the newly imposed U.S. car tariffs and may take retaliatory tariffs. Carney said he is confident he will speak with Trump soon. Carney remarked that the car tariffs announced by Trump are a direct attack on Canadian workers.
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