US President Donald Trump has imposed a 25% tariff on imports of automobiles and certain automobile parts, with tariffs to come into effect from April 2, the White House said in a statement March 26.
It said that with the import tariffs on vehicles and automotive components, President Trump aims to protect America’s automobile industry, which is vital to national security and has been undermined by excessive imports threatening America’s domestic industrial base and supply chains.
The ...
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