WASHINGTON – President Trump announced 25% tariffs on all foreign-made cars on Wednesday.
Trump announced the move in the oval office, saying, “This will lead to the construction of many plants,” and built the car domestically.
“We effectively charge 25% tariffs, but if we build a car in the US, there are no tariffs,” he said.
White House Staff Secretary Will Schaef told Trump that the lawsuit is projected to generate $100 billion in revenue. It will decrease significantly Import the volume.
The tariffs will take effect on April 2 on the same day as so-called “mutual” tariffs on goods around the world, Trump added.
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