Trump's auto tariffs, Hegseth’s denial and Kursk
2025/3/27
Reuters World News
The announcement of a 25% tariff on imported vehicles by President Trump is expected to affect the U.S. economy. The tariffs aim to boost domestic manufacturing but could increase vehicle prices significantly.
- A 25% tariff on imported vehicles and foreign-made auto parts is set to begin on April 3.
- U.S. stocks fell by over 1% following the announcement, with automaker stocks hit particularly hard.
- Tariffs may increase vehicle prices by thousands of dollars due to supply disruptions and higher manufacturing costs.
- About half of the vehicles sold in the U.S. are considered domestically produced.
- Foreign automakers with U.S. production facilities may also be affected by the tariffs.
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