Trump auto tariffs: President slaps 25% duties on car imports to US
WASHINGTON/TOKYO/BERLIN, March 27 (Reuters) – Governments from Ottawa to Paris threatened retaliation on Thursday after U.S. President Donald Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war, hammering stocks and testing already strained ties with allies.
The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries he says are responsible for the bulk of the U.S. trade deficit.
Source: Reuters
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