The US President Donald Trump It continues to cause turmoil in the global economy as it today announced that it will impose duties 25% on the cars imported into the US.
Specifically Donald Trump announced 25% new tariffs on “not manufactured in the United States”while clarifying that “there is absolutely no duty” for cars produced in the country.
The duties also include US brands whose cars are assembled abroadand could significantly increase prices for consumers.
It is not yet known whether this new measure will exclude car components.
Yet It also referred to “Liberation Day” as it has described on April 2nd As it is then expected To implement several of the duties he has announced to imports.
In fact when asked If there is the possibility of changing attitude He replied that “this is definitive”.
https://www.youtube.com/watch?v=_8_aySHIfbg
US Republican president sees duties as a tool for increasing revenue that will offset the tax cuts it has announced, refreshing at the same time declining industrial base of the country.
In 2024 The US has imported $ 220 billion -billed cars and car items worth $ 474 billion. The largest suppliers were the Mexico, Japan, South Korea, Canada and Germany.
President Donald Trump announces a ‘25% tariff on all cars that are not made in the US.’https://t.co/qrsZoGzHtF
Sky 501, Virgin 602, Freeview 233 and YouTube pic.twitter.com/I2c5KJfxso
— Sky News (@SkyNews) March 26, 2025
His close associate Will Sarff said that New measures concern cars and light trucks manufactured abroadwhile he made it clear that the duties these are added to the existing ones.
As the new duties points out they are expected to bring ‘Over $ 100 billion per year’ In the US Funds.
Ever since he returned to the presidency in January 2025, Donald Trump has already imposed duties on imports One of the most important commercial partners in the US, Canada, Mexico and China – as well as 25% duties in steel and aluminum imports.
Immediately after Donald Trump’s announcements car shares retreated. It is noteworthy that General Motors’ stock sank over 4%, Stellantis almost 3%and Ford Motor about 1%.
Trump Movement has a purpose to force automakers to install more plants in the USto stimulate the labor market.
But duties can cause great turmoil in supply chains of automakers, to lead to freezing and to increase the market cost For consumers.
Still these duties will cause even greater trade conflicts With European countries, Japan and North Korea, which send thousands of cars to the US each year.