25% tax on foreign-made cars: President trump announced..!?

US President donald trump has ordered a 25% tax on cars imported to the united states from foreign countries. donald trump has been making various announcements since the first day of his inauguration as US President. Meanwhile, he has been shocking neighboring countries by increasing import taxes. Now he has made an announcement by imposing higher taxes on foreign cars. Cars imported into the united states from foreign countries will be subject to 25% tariffs starting april 2. Tax collection will begin on april 3. This new tax is going to be permanent.
The purpose of the new tax is to improve the American economy and industry. This measure will increase economic growth. This will create growth like you have never seen before. DOGE Group Chairman Elon Musk has no involvement in shaping the vehicle tariff policy. Elon Musk did not advise on increasing import taxes on vehicles. The new auto sector taxes will come very soon. President trump said. The tariffs will go into effect on april 3 and apply both to finished cars and trucks that are shipped into the united states and to imported parts that are assembled into cars at American auto plants. Those tariffs will hit foreign brands as well as American ones, like ford Motor and General Motors, which build some of their vehicles in canada or Mexico.
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Sowmiya Sriram

27/03/2025 09:03 AM