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Trump added that, if elected, he’d put a 100% tariff on every car imported from Mexico and that the only way to avoid those charges would be for an automaker to build the cars in the U.S.
Trump added that, if elected, he’d put a 100% tariff on every car imported from Mexico and that the only way to avoid those charges would be for an automaker to build the cars in the U.S. His ideas, if enacted, could cause a huge upheaval in the American auto industry.
Republican presidential candidate Donald Trump said on Friday that if he is elected he would put a 100% tariff on Stellantis if the automaker tried moving jobs from the U.S. to Mexico.
Although the fine details have not been announced, president-elect Trump has floated various ideas, such as a 60% tariff on goods from China, a flat 20% tariff on every import, and a 100% tariff ...
Trump proposed a 35% tariff on "every car, every truck and every part manufactured in Ford's Mexico plant that comes across the border". [185] Tariffs at that level would be far higher than the international norms (which are around 2.67% for the U.S. and most other advanced economies and under 10% for most developing countries). [186]
Even if Trump pulls back on tariff plans and only imposes tariffs on fully-assembled cars imported into the United States, it will raise the price of cars built here, let alone on those imports.
Trump has promised to implement a 25% tariff on goods coming from Mexico and Canada. ... Biden signed an order setting a nationwide goal aiming for 50% of new cars and ... 'Made in America' auto ...
Trump, facing Democrat Kamala Harris in a tight race, has previously pledged that if elected again as president he would set a 100% duty on imported cars and trucks with the goal of aiding the ...