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Ladybbird · 27-03-25, 01:26

Donald Trump Announces NEW 25% Tariffs On ALL Cars From Overseas

US Consumers Warned to Brace For Higher Prices On ALL Goods Due to Trumps Tariffs

He says levies will take effect on 2 April when he is expected to unveil reciprocal tariffs on other imports

The Guardian 27 MAR 2025

Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the US president is expected to announce wide-ranging levies on other goods from around the world.

What we're going to be doing is a 25% tariff for all cars that are not made in the United States, Trump said in the Oval Office. We start off with a 2.5% base, which is what we're at, and go to 25%.

The tariffs will go into effect next week, on 2 April, the president claimed, and the US will start collecting them the following day. This is very exciting, he said, suggesting the move would spur economic growth.

In February, Trump floated the idea of a 25% tariff on imported vehicles but had offered no other details. On Monday, the president hinted that the auto industry levies could come in the very near future

On 2 April a day Trump has dubbed liberation day the president is expected to unveil a wide range of so called reciprocal tariffs levies on imported goods that the Trump administration argues are unfairly taxed by the US trading partners.

Trump has long argued that the US is being cheated by its trading partners and that tariffs are the best remedy. However, he has delayed or watered down his tariff plans on several occasions. His stance has worried investors, leading to sharp sell-offs in US stock markets, and has proved unpopular with both corporate America and consumers.

Many economists have expressed alarm, too, warning that the presidents tariff plan would risk increasing prices across the US. A study by Anderson Economic Group, an automotive consultant, for example, found that blanket tariffs on Canada and Mexico risked increasing US car prices by as much as $12,000.

Mexico, Japan, South Korea, Canada and Germany are among the top car exporters to the US. Will Scharf, a White House official, claimed the new car tariffs would result in more than $100BIL in annual revenue to the US.

The announcement drew swift condemnation from the European Union and from Canadian prime minister, Mark Carney, who called it a direct attack on Canadian workers.

Shares of automakers fell in afterhours trading and US equity index futures slid, indicating stocks were headed for a lower open on Thursday. Have no fear, we will WIN everything Trump wrote on Truth Social earlier this month, claiming that tariffs were already pouring money into the country.

But a Harris poll conducted for the Guardian found that the majority of Americans were already worried about the impact tariffs will have on their finances. Ninety per cent of Democrats, 69% of independents and 57% of Republicans reported they were concerned about tariffs.

Industry groups sounded the alarm on Wednesday. Throwing away tens of thousands of jobs on both sides of the border will mean giving up North America?s auto leadership role, instead encouraging companies to build and hire anywhere else but here, said Candace Laing, president and CEO of the Canadian Chamber of Commerce.

Ritual of a DICTATOR In The Eye of The Storm

This tax hike puts plants and workers at risk for generations, if not forever. Trump is destroying the world economy and he doesmt seem to care and it will eventually backfire on him....

27-03-25, 01:26	#1
Ladybbird Join Date: Feb 2011 Posts: 50,260 Thanks: 28,721 Thanked 14,428 Times in 10,234 Posts Awards Showcase Total Awards: 8	Trump Imposes NEW 25% Tariffs On Cars From Overseas-Americans Will Pay The Price Donald Trump Announces NEW 25% Tariffs On ALL Cars From Overseas US Consumers Warned to Brace For Higher Prices On ALL Goods Due to Trumps Tariffs He says levies will take effect on 2 April when he is expected to unveil reciprocal tariffs on other imports The Guardian 27 MAR 2025 Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the US president is expected to announce wide-ranging levies on other goods from around the world. What we're going to be doing is a 25% tariff for all cars that are not made in the United States, Trump said in the Oval Office. We start off with a 2.5% base, which is what we're at, and go to 25%. The tariffs will go into effect next week, on 2 April, the president claimed, and the US will start collecting them the following day. This is very exciting, he said, suggesting the move would spur economic growth. In February, Trump floated the idea of a 25% tariff on imported vehicles but had offered no other details. On Monday, the president hinted that the auto industry levies could come in the very near future On 2 April a day Trump has dubbed liberation day the president is expected to unveil a wide range of so called reciprocal tariffs levies on imported goods that the Trump administration argues are unfairly taxed by the US trading partners. Trump has long argued that the US is being cheated by its trading partners and that tariffs are the best remedy. However, he has delayed or watered down his tariff plans on several occasions. His stance has worried investors, leading to sharp sell-offs in US stock markets, and has proved unpopular with both corporate America and consumers. Many economists have expressed alarm, too, warning that the presidents tariff plan would risk increasing prices across the US. A study by Anderson Economic Group, an automotive consultant, for example, found that blanket tariffs on Canada and Mexico risked increasing US car prices by as much as $12,000. Mexico, Japan, South Korea, Canada and Germany are among the top car exporters to the US. Will Scharf, a White House official, claimed the new car tariffs would result in more than $100BIL in annual revenue to the US. The announcement drew swift condemnation from the European Union and from Canadian prime minister, Mark Carney, who called it a direct attack on Canadian workers. Shares of automakers fell in afterhours trading and US equity index futures slid, indicating stocks were headed for a lower open on Thursday. Have no fear, we will WIN everything Trump wrote on Truth Social earlier this month, claiming that tariffs were already pouring money into the country. But a Harris poll conducted for the Guardian found that the majority of Americans were already worried about the impact tariffs will have on their finances. Ninety per cent of Democrats, 69% of independents and 57% of Republicans reported they were concerned about tariffs. Industry groups sounded the alarm on Wednesday. Throwing away tens of thousands of jobs on both sides of the border will mean giving up North America?s auto leadership role, instead encouraging companies to build and hire anywhere else but here, said Candace Laing, president and CEO of the Canadian Chamber of Commerce. Ritual of a DICTATOR In The Eye of The Storm This tax hike puts plants and workers at risk for generations, if not forever. Trump is destroying the world economy and he doesmt seem to care and it will eventually backfire on him.... __________________ *6000 PLUS* Cases-He's LOST ALL Heard So Far: TRUMPs Onslaught of Lawyers are 'Hitting a Wall' -Judges & Cases Lining Up Against TRUMP France To Ask For Statue of Liberty Back -No Longer Fits 'Freedom' Under TRUMP.. AND Starmers REVOLTING Betrayal of Britain Will NEVER Be Forgiven TRUMPs' REVENGE -Clear & Present Danger -People Who Worship at The Altar of Trump Will KNEEL, NOT STAND Up to Him PLEASE Click DONATE & Thanks to ALL Members of ...** 1..

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