
Trump hits imported cars with 25% tariff, drawing opposition from Canada, EU
2025-03-27 09:39:59 source:Global Times
March 27, 2025
US President Donald Trump on Wednesday unveiled a new 25-percent tariff on imports of automobiles and certain automobile parts, the latest in a series of tariff threats against US trade partners since taking office. Canada and the EU swiftly responded with opposition.
The 25 percent tariff will be applied to imported passenger vehicles, light trucks, and key auto parts, with processes to expand tariffs on additional parts if necessary, according to a statement the White House released on Wednesday (US time).
The tariffs, which the White House expects to raise $100 billion in revenue annually, could be complicated as even US automakers source their components from around the world, US media outlet Associated Press (AP) reported.
Read more:
https://www.globaltimes.cn/page/202503/1330980.shtml