#TrumpTariffs Tensions with automobiles: possible increase in tariffs

Trump announced that he could soon increase tariffs on imported cars, seeking to encourage local industrial investment. He cited recent investments by GM and Hyundai in response to the current tariffs on cars, steel, and aluminum.

*Unilateral tariffs "on the way"*

The former president stated that in one or two weeks he will send letters to trade partners notifying them of the new unilateral tariffs, country by country, if favorable agreements are not reached before the July 9 deadline.

Judicial ruling: tariffs remain in effect while the appeal is ongoing

An appeals court allowed current tariffs to remain active while the courts review the legality of the so-called "Liberation Day tariffs".