Trump announces large tariffs on imported cars.

Trump imposes tariffs on imported cars

President Donald Trump announced that the United States will impose a 25% tariff on imported cars. This decision could encourage automakers to open new factories in the U.S., but it will also significantly increase car prices for consumers.

The tariffs apply to ready-made cars and trucks imported to the U.S., including American brands whose production takes place overseas. Imported vehicles account for nearly half of the car market in the U.S.

This is a very exciting moment. It will lead to significant growth in the automotive industry. - said Trump.

The introduction of tariffs will promote the opening of car factories in the U.S., which is Trump's main goal. However, this decision may disrupt supply chains for automakers, reduce their investments, and increase consumer costs by thousands of dollars.

This decision could also lead to new trade conflicts with foreign countries, particularly Europe, Japan, and South Korea, which export a significant number of cars to the U.S.

The news about the introduction of tariffs on cars caused a drop in the stock markets, with shares of American automakers declining by 2%.

These tariffs accompany other tariffs that Trump has imposed in recent months. During his presidency, Trump already imposed a 20% tariff on goods from China and a 25% tariff on goods from Canada and Mexico, but later it was decided to exempt half of this import from tariffs under the North American Trade Agreement.

On April 2, Trump plans to announce reciprocal tariffs on American exports in response to tariffs from other countries.

Analysts from KPMG Economics warn that the introduction of tariffs on imported cars could lead to a substantial increase in prices for new cars. It is predicted that the price of a new car could rise by several thousand dollars or even by 10,000 dollars due to the introduction of such tariffs.

This will especially impact European automakers for whom the U.S. is the most important market.