Trump: 25% Tax On Imported Cars
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Author : Bozhou Marine
Update time : 2025-03-29 09:29:48
On March 26, local time, US President Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. The relevant measures will take effect on April 2.
Trump said that the auto tariffs will be permanent. He said that if the car is made in the United States, there is no need to pay tariffs.
The announcement also stated that after 00:01 Eastern Time on April 3, the United States will impose a 25% tariff on imported cars, but imported auto parts will be subject to a 25% tariff from the date specified in the Federal Register notice, which will not be later than May 3, 2025.
According to the announcement, the tariffs will continue to be effective after they take effect unless such actions are explicitly reduced, modified or terminated.
On the same day, White House spokesman Harrison Fields said that the 25% tariff measure will apply to imported passenger cars and light trucks, as well as key auto parts (engines, transmissions, powertrain parts and electrical components), and tariffs on other parts may be increased if necessary.
Fields said that auto parts that meet the "United States-Mexico-Canada Agreement" ("USMCA") will continue to be exempt from tariffs until the U.S. Secretary of Commerce consults with Customs and Border Protection.
Data show that the total value of automobiles and light trucks imported by the United States last year exceeded $240 billion. Therefore, if the United States imposes tariffs, it may lead to higher domestic auto prices, further exacerbating U.S. consumers' concerns about inflation and deepening market concerns about a recession.
A study earlier this month found that tariffs on cars from Canada, Mexico and other countries would increase the production cost of a crossover by about $4,000, while the cost of electric vehicles made in the United States may increase by about $12,000.
According to Cailianshe, media analysis believes that auto tariffs mark a major escalation of Trump's trade war and may affect well-known auto brands of major trading partners such as Japan, Germany, and South Korea. It may also disrupt the operations of North American automakers because they are highly dependent on supply chain integration between the United States, Mexico and Canada.
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