Trump says US auto tariffs to be around 25% ...Middle East

News by : (Daily Sun) -

“It’ll be in the neighborhood of 25 percent,“ Trump told reporters in Mar-a-Lago, while noting that the specifics would come in April.

He said that he wanted to give companies time to enter the US market.

Trump has announced a range of levies since taking office in January, threatening to hit allies and adversaries alike.

Experts have warned it is often Americans who end up paying the cost of tariffs on US imports, rather than foreign exporters.

About 50 percent of the cars sold in the United States are manufactured within the country. Among imports, about half come from Mexico and Canada and the other half from other major auto-producing countries.

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