President Trump announced a 25% tariff on fully imported vehicles starting April 2nd, just days before sweeping tariffs on the auto industry are set to go into effect. This import tax will apply to all completed vehicles brought into the United States, affecting the auto industry and potentially leading to higher costs for consumers. The decision comes amid ongoing trade tensions and negotiations between the U.S. and other countries. The move is aimed at protecting domestic industries and jobs, but could have implications for the overall economy and international trade relations. The impact of these tariffs on the auto industry and the broader economy remains to be seen as businesses and consumers navigate the changes in import costs and supply chain disruptions. In order to continue following the latest developments, viewers are encouraged to visit the website on a different browser as Internet Explorer 11 is not supported for an optimal viewing experience.
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