Trump assigns a 25% level of car tariffs with fast retreat. ‘Tariffs announced today will hurt, not helping’ the world’s largest business association.

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• Including automatic resources General Engines and Stellantis Manufacturers waited on Wednesday, President Trump’s latest tariff announcement. This Dow Jones US Auto Recommendants Index, 5% of Elon Musk decreased Tesla Reduced by 5.6%. Industrial assessments increased the price for $ 10,000 due to the impact of collection.

President Trump put forward new tariffs for foreign-produced cars and lightweight trucks announced from the Oval Office on Wednesday. The new tariffs will start on April 2 “and we will start gathering on April 3,” Trump will not hit the cars, adding collections in the United States

“This is a large number of car construction, in this case, the Trump will be expected to increase the use of auto loans in the United States, which will increase consumers in the United States.

“I think our car business will bloom as before before,” said Trump. He said, “Very strong” police would go along with 25% automatic tariff. “It’s permanent. 100%,” he said.

Tariffs first entered into force on March 4, but Trump was later announced arrangement Important American and Mexico to give American car manufacturers to give and prepare time. The administration applied 25% import money on goods from Canada and Mexico, but allowed to take a break for cars and goods sold North America through the USMCA Trading Agreement. Trump later sets an end date to the United States in cars to announce additional recipes and tariffs and tariffs and tariffs and announced a week early tariff announcement.

25% of cars and car parts came after talking to Trump’s Ford, General Motors and Stellantis representatives of Trump’s Ford, General Motors and Stellantis. Trump has also expanded the discount period for goods from Mexico and Canada. At that time, Trump said to “begin to start an investment, start working, to start.

However, experts, the extension of tariffs to automatic parts with steel and aluminum will lead to heavy costs for consumers, auto manufacturers and their suppliers. In addition, the adjustment of a production supply chain is often not weeks, specialists gossip. About one in five cars and trucks sold in the United States, in Canada or in Mexico, in connection press declare. In 2024, the United States imported $ 79 billion from Mexico and $ 31 billion from Canada. As for the auto parts, the imported $ 81 billion is $ 19 billion in Mexico and Canada.

“Tariffs announced today will not help – the US automotive industry threatens many American jobs, and the auto-project is out of production,” the United States said the vice president in the Chamber of Commerce. Fortune. “These car tariffs come to Steel, Aluminum and Mexico Tariffs from Canada and Mexico. On April 2, with additional reciprocal tariffs, the accumulated tariffs in the auto sector are giant.”

Ken Kim, Chief Economist Kpmgwrote on a Wednesday note In February, orders for vehicles and parts jumped 4%, the most important increase in three years. The rise took the lead to lock in prices in the auto industry before the tariffs came into force. Industrial calculations will increase the price increase of new vehicles from about $ 10,000 or more, which is a 20% increase in the $ 48,500 transaction price.

“Consumers are already spreading high inflation,” he wrote. “Talk about label shock.”

In general, the spending is the most meaningful decline in seven months, and the most meaningful decline in the unknown economic outlook.

“Drops can be an early sign of future capital expenditures due to the uncertain tariff environment of business leaders.

According to Scott Linkicome, the Vice President of the General Economy at the Catho Institute of the Libertary Thinking Center, the car tariffs will not only raise prices in cars, but the cars based on us would harm us. For a long time, free trade and investment in free trade and investment in the 1990s is an increase in growth and stability.

“Therefore, Trump, in 2018, in 2018, each major US car manufacturer (Detroit vending machines, National automatic work union, US Chamber of Commerce, US Commerce and Work Round Union, which is also a round table union

This story was first displayed Fortune.com

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