TV News LIES

Friday, Jun 13th

Last update06:42:49 AM GMT

You are here News Economy Donald Trump announces new 25% tariffs on cars from overseas

Donald Trump announces new 25% tariffs on cars from overseas

E-mail Print PDF

25% tariffDonald Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the US president is expected to announce wide-ranging levies on other goods from around the world.

“What we’re going to be doing is a 25% tariff for all cars that are not made in the United States,” Trump said in the Oval Office. “We start off with a 2.5% base, which is what we’re at, and go to 25%.”

The announcement drew swift condemnation from the European Union and from the Canadian prime minister, Mark Carney, who called it a “direct attack” on Canadian workers. “We will defend our workers, we will defend our companies, we will defend our country, and we will defend it together,” Carney said.

The Japanese prime minister, Shigeru Ishiba, said his government was considering “appropriate measures” in response to the announcement. “Naturally, we will consider all options.”

The tariffs will go into effect next week, on 2 April, the president claimed, and the US will start collecting them the following day. “This is very exciting,” he said, suggesting the move would spur economic growth.

More...


Most Recent Related Stories...


Federal cuts hit farmers and food banks: 'It really hurts'

Food pantrySylvia Tisdale believes in feeding the hungry so much that, at 70 years old, she attempted...

Trump says he is doubling tariffs on imported steel to 50% – as it happened

 Trump raises steel tariffs to 50% Donald Trump made a surprise announcement doubling tariffs on imported steel and aluminum from 25% to...

Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

P&G to cut 7,000 jobsProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce,...

Federal Trade Court Blocks Trump From Imposing Sweeping Tariffs Under Emergency Powers Law

Court of Int'l TradeA federal trade court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!