welcome
Newsweek

Newsweek

Technology

Technology

Trump announces 25 percent tariffs on all foreign-made automobiles and parts

Newsweek
Summary
Nutrition label

74% Informative

President Donald Trump has announced a 25 percent tariff on all foreign-made automobiles and parts.

The move is set to take effect on April 3 for vehicles and no later than May 3 for parts.

Some argue the tariffs could lead to a resurgence of American auto manufacturing and job creation.

Others caution that they could be inflationary, driving up vehicle costs for American consumers.