Trump Slaps 25% Hefty Tariff On Imported Automobiles

President Donald Trump has announced a significant escalation in U.S. trade policy by implementing a 25% tariff on imported automobiles, effective April 2, 2025.This move aims to bolster domestic manufacturing and is expected to generate approximately $100 billion in annual tax revenue. Trump emphasised that this tariff is "permanent," indicating a long-term commitment to reshaping U.S. trade
President Donald Trump has announced a significant escalation in U.S. trade policy by implementing a 25% tariff on imported automobiles, effective April 2, 2025.This move aims to bolster domestic manufacturing and is expected to generate approximately $100 billion in annual tax revenue. Trump emphasised that this tariff is "permanent," indicating a long-term commitment to reshaping U.S. trade
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