Trump, reciprocal tariff
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President Donald Trump's tariffs on automobiles and automobile parts are going to hit some automakers harder than others, particularly among those with a lower share of their U.S.-sold vehicles assem...
From Fox Business
Trump stoked consternation and confusion with comments indicating that the tariffs will affect all countries, not just those with trade imbalances with the U.S.
From Yahoo
It is unclear how the 397-page report will impact Trump's reciprocal tariff plans.
From Reuters
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7hon MSN
President Donald Trump announced last week that he will impose a 25% tariff on imported passenger vehicles, light trucks and some auto parts. After signing the order last week, Trump said the auto tariff would go into effect on Wednesday, April 2 and begin to be collected on Thursday, April 3.
While prices are expected to increase across the board, some items will see a price bump more quickly than others.
President Donald Trump's tariffs are already shifting how people spend their money, an ominous sign for the future of the economy.
A 25% import tariff on imported autos and parts will go into effect, April 2, Pres. Donald Trump said Wednesday during an Oval Office news conference. The levy will apply to vehicles coming into the United States from other nations, including those from brands based in this country, shipping in vehicles assembled elsewhere.
A 25% tariff on all vehicles imported into the U.S. won't just cause new car prices to rise. Used car prices will also likely increase, analysts say.
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President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.
President Trump said the tariffs will go into effect on April 2, with collection starting on April 3. Auto experts predict the move will drive up prices and stymie production.
The automotive tariff is set to take effect on Wednesday, April 2, and will begin to be collected on Thursday, April 3.
United Parcel Service began offering a new tracking tool this week that will allow consumers to see the impact of tariffs, duties, taxes and other fees imposed on goods shipped around the world.