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Slatestone Selaker General Market Strategist Kenny Polcari and Verential Capital Adviser Chief Officer Leo Kelly’s President Donald Trump’s tariff plan and economy affected.
President Donald Trump On Wednesday, the White House announced new tariffs in automatic imports during a press conference.
The President said he would apply 25% tariffs in all imported cars to 2.5% before. Showed Automatic tariffs It will take effect on April 2, when the reciprocal tariff plans are expected to be announced.
Tariffs offer to finance tax benefits as a way of tax revenue, while expanding local production, previously proposed automatic tariffs operating in the “25% neighborhood”.
In the speech of the Oval office, “Tariffs” tariffs “said that there will be a lot of plants in this work, and both said that you will see the numbers you do not see in terms of work.
The Tesla wares that the retribution of trade war is exposed to the tariffs
President Donald Trump said that 25% of auto tariffs will help us produce auto. (Anna MoneyMaker / Getty Images / Getty Images)
Trump Automakers Answers Tariff plans changed in conversations with them.
“If there are factories here, if they do not have factories here, there are no factories they go, and they will have to build. Otherwise they have to pay a tariff. Most of them have very large factories here,” he said.
He said that Canada planned to apply the government Revenge tariffs. In an article in Ontario Premier Doug Ford X, Trump’s 25% tariffs about cars and light trucks “said he would not do anything but to increase the costs for laborers American families.”
Trump threatens more tariffs about Canadian steel, aluminum, electricity, vehicles
The United States has imported about half a trillion in auto products in 2024. (Kevin Dietsch / Getty Images / Getty Images)
Tariffs can increase the cost of cars for consumers for consumers for consumers for thousands of dollars by auto industrial groups. High costs can cause automatic cars restrain and potentially caused work loss in industry.
The United States imported $ 474 billion in car products last year, including $ 220 billion. The biggest suppliers were Mexico, Japan, South Korea, Canada and Germany, all of this were US allies.
UAW leader Trump’s Canada, Mexican tariffs for ‘cessation of bleeding’
In the absence of tariff caravans for the import of automotive industry from Canada and Mexico on Wednesday, Canada and Mexico, the value of a US-made vehicles will increase to about $ 3,000 Car prices $ 6,000 will increase for vehicles in Canada or Mexico.
In mid-April, “In fact,” the production of North American vehicles, about 20,000 AZER AZER AZER AZER A day will be about 30% of the vehicle or production.
The North American Auto supply chain is mixed together with the products covered by the USMCA, which is discussed by Trump for the first term in the United States, Canada and Mexico. (Through Emily Elconin / Bloomberg Getty Images / Getty Images)
“We expect sales to reduce sales, new and used prices, or have heard of these tariffs, or have heard of tariffs related to the European Union, Japan and South Korea.
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Markets decreased by 1.12% compared to Tuesday tariff ads, S & P 500. The shares in the automatic workers also decreased, 5.6% and general engines decreased by 3.1%.
Reuters contributed to this report.
