President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US.
Trump said the latest tariffs would come into effect on 2 April, with charges on businesses importing vehicles starting the next day. Taxes on parts are set to start in May or later.
The president said the measure would lead to “tremendous growth” for the industry, promising it would spur jobs and investment in the US.
#BREAKING: Donald Trump will now impose 25% tariffs on all cars and light trucks not made in the U.S.
This will significantly impact places dependent on auto manufacturing, like Ontario.
Canada can not win this trade war and retaliatory tariffs will only make things worse. pic.twitter.com/pSaULLzSUL
— govt.exe is corrupt (@govt_corrupt) March 26, 2025
