US President Donald Trump imposes 25% tariffs on all car imports
The tariffs come as analysts warn that they could in fact affect the US car industry, as even domestic carmakers source their components from around the world, meaning that they could face higher costs and lower sales.
READ MORE : http://www.euronews.com/2025/03/27/donald-trump-places-25-tariffs-on-auto-imports-to-the-us
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The tariffs come as analysts warn that they could in fact affect the US car industry, as even domestic carmakers source their components from around the world, meaning that they could face higher costs and lower sales.
READ MORE : http://www.euronews.com/2025/03/27/donald-trump-places-25-tariffs-on-auto-imports-to-the-us
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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NewsTranscript
00:00U.S. President Donald Trump on Wednesday slapped a new 25% import tax on cars and car parts
00:07coming into the U.S.
00:09Trump said the latest tariffs would come into effect on the 2nd and 3rd of April, with charges
00:14on parts set to start in May or later.
00:17He claimed the tariffs would foster domestic manufacturing.
00:21Anywhere from $600 billion to $1 trillion will be taken in over the relatively short-term
00:29period, meaning a year from now.
00:33Following the announcements, the U.S. stock markets dipped and reactions poured from
00:37the EU Commission President Ursula von der Leyen and Canadian Prime Minister Mark Carney.
00:50Analysts have warned the move is likely to lead to the temporary shutdown of significant
01:13car production in the U.S. and could widen the global trade war.