U.S. Imposes 25% Tariff on Imported Cars and Light Trucks
Washington, March 27 (The Monday Times): The United States has announced a new 25% tariff on imported cars and light trucks. President Donald Trump made the announcement on Wednesday.
According to Trump, the tariff will be permanent and will take effect on April 2, with collection beginning on April 3. The Trump administration stated that the move aims to protect domestic manufacturers and reduce the trade deficit.
Experts warn that this decision could have a significant impact on the global automobile market. Higher import costs may also affect American consumers by increasing vehicle prices.