USA: Donald Trump is getting ready to announce duties in the automotive industry today

The US President, Donald Trumpwill announce duties In the automotive industry today (26.3.2025), according to the White House, a move that will escalate its struggle with the world trade partners in the face of a wider tariff impulse next week.

White House spokesman Carolin Levit said Trump would speak from the Oval Office to describe his moves in detail, adding that he would allow him to announce the details. The shares retreated today following Bloomberg’s original publication on Trump’s plans to announce the duties.

The S&P 500 declines 0.8%, expanding the quarterly decline that will be the worst of 2023. The Dow Jones industrial average swing. A Bloomberg indicator for the shares of high capitalization sank by 2.3%. Russell 2000 slipped by 0.7%.

Trump told reporters earlier this week that he would describe in detail the contributions to cars in the coming days, indicating that they could come before April scheduled for the application of sweeping reciprocal duties aimed at other nations. The President said the contributions would help stimulate the development of the domestic automotive sector and force companies to transfer more production to the US.

The level and scope of car duties are not clear, including exceptions that will be included or examined, if any. It is also not clear whether the duties will come into force immediately or in the long run and whether the end vehicles or even car spare parts will be hit.