Car, Trump
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Starting April 2, a 25% tariff will hit all foreign cars entering the U.S.
From Carscoops
The US unveiled a baseline levy of 10 per cent with additional tariffs of up to 50 per cent on multiple trading partners, including the EU, Japan, Vietnam and Cambodia.
From The Financial Times
Today’s comments increase the likelihood, in our view, that parts tariffs will go into effect on May 3rd, which presents a substantial downside risk for all U.S. automotive stocks.
From Wall Street Journal
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The list is created using five criteria: assembly location, parts content, engine origin, transmission origin and U.S. manufacturing workforce.
Just hours after taking effect, President Donald Trump’s 25% tariffs on imported cars are already reverberating around the globe.