Reported 4 days ago
President Trump has announced a new 25% tariff on all foreign-made vehicles, scheduled to take effect on April 2, which he calls 'Liberation Day.' This move marks a significant escalation in his ongoing trade war, as he also warned the EU and Canada that they could face even larger tariffs if they collaborate against the US. The tariffs have already impacted various companies and are expected to reshape the auto industry while triggering retaliatory measures from affected nations.
Source: YAHOO