Trump says US will charge 25% tariff on all cars not made in the US
Published by Global Banking and Finance Review
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking and Finance Review
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
President Trump declares a 25% tariff on cars not made in the US, encouraging domestic production and impacting global car manufacturers.
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country.
He added: "But if you build your car in the United States there is no tariff."
(Reporting by Andrea Shalal, Nandita Bose and Kanishka Singh in Washington; Editing by Chris Reese)
The main topic is the 25% tariff imposed by the US on cars not manufactured domestically, as announced by President Trump.
Car manufacturers outside the US may face increased costs, encouraging them to build cars within the US to avoid tariffs.
The tariff aims to boost domestic car manufacturing and is part of a broader trade policy initiative by the US government.
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