Trump Announces 25% Tariffs on All Cars Made Outside U.S.
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The tariffs will affect cars assembled in the U.S. as well, as they often contain imported parts.
From USA TODAY
US tariffs could have a huge impact on the UK economy, with the government's official forecaster estimating that in a worst case scenario trade taxes could reduce economic growth by 1% and wipe out Ra...
From BBC
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General Motors shares fell more than 7% Thursday as investors weighed the auto giant’s outsize vulnerability to the tariffs President Donald Trump announced Wednesday.
Although Tesla produces 100% of its vehicles in the United States at its Texas and California factories, there is truly no 100% “American-made” car — as Musk himself contended Wednesday after the tariffs announcement. “Important to note that Tesla is NOT unscathed here,” Musk posted on X. “The tariff impact on Tesla is still significant.”
3don MSN
President Donald Trump said he would place 25% tariffs on all cars and certain car parts made outside of the U.S., a much wider net than auto makers had expected. The levies will go into effect on April 2.
Waning interest in BrightDrop vans is more likely than tariff threats, as the GM Canada plant briefly shut down to adjust for lower demand.
GM has traditionally shared vehicle platforms among its various brands. What is a G-body GM car, and what muscle cars were built on the G-body platform?
2don MSN
Shares in automakers including General Motors and Ford Motor Co fell on Wednesday after President Trump announced 25% car tariffs.
“This will continue to spur growth that you’ve never seen before," Trump said from the White House on Wednesday, signing an executive order putting the tariffs in place. The 25% tariffs are set to take effect April 2 and add to existing tariffs. The White House claimed that $100 billion in annual duties will be collected.
During the announcement, President Donald Trump made several claims about auto production in the U.S. that were false.