Donald Trump has said he is placing 25 per cent tariffs on all foreign car imports in order to boost domestic trade.
The current tariff is 2.5 per cent while most almost half of all cars sold in the US are imported.
“This is the beginning of Liberation Day in America,” said Trump, speaking from the Oval Office on Wednesday. “If you build your car in the United States there will be no tariff.”
This is a developing story and will be updated.
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