Reported 26 days ago
President Trump has announced a 25% tariff on all foreign-made vehicles, set to take effect on April 2, marking a significant shift in U.S. trade policy. He assures that trade partners will be 'pleasantly surprised' by the fairness of reciprocal duties, which may be lower than previous tariffs they imposed on the U.S. The decision comes amidst escalating trade tensions, including retaliatory tariffs from the EU, Canada, and responses from China and Venezuela, highlighting a more aggressive stance on U.S. imports.
Source: YAHOO