โฉ Trump Announces New Tariffs โช
๐ Import Tariff 25%: President Donald Trump announced a 25% tariff policy on imported cars not manufactured in the US, effective April 2, 2025.
๐ Economic Impact:
๐บ Car prices are expected to rise by up to $10,000.
๐บ Risk of inflation & potential recession increases.
๐ International Reaction:
โ ๏ธ Canada, the European Union, & Japan condemn this policy!
โ ๏ธ Threat of trade war with key trading partner countries.
๐ Background:
โ Previously, Trump also imposed a 25% tariff on goods from Mexico & Canada since March 4, 2025.
โ This policy is part of a protectionist strategy to support domestic industries.