Trump Announces 25% Tariffs On All Auto Imports

Earlier today President Trump unveiled a sweeping 25% tariff on all foreign-made vehicles, effective April 2nd. The tariff is applicable to auto parts and doesn’t include the existing 2.5% fee on cars and 25% on light trucks.

“This is gonna lead to the construction of a lot of plants,” Trump remarked from the Oval Office where he fields some questions fr…