Trump announces 25% car import fares for us

US President Donald Trump has announced new 25% commercial taxes that cars are being imported into the United States.

Trump said the last tariffs will come into force on April 2, with collections starting the next day.

He claims that the measure will lead to “huge growth” for the automotive industry, promising to stimulate jobs and investments in the United States.

But analysts said this move would probably lead to major disturbances in car production, price increases and tension in the Allies.

Mexico is the best foreign vehicle supplier in the United States, followed by South Korea, Japan, Canada and Germany.

Many US car companies also have operations in Mexico and Canada, created under the terms of the long -standing free trade agreement between the three countries. The impact that tariffs will have on sending automotive parts across the borders to production installations.

The shares in General Motors slid about 3% on Wednesday, as the White House said it was planning a message. The sale has spread to other companies, including Ford, after the president’s remarks while signed the executive order.

Asked at a press conference if there was any chance of turning the course, Trump said no.

“That’s constant,” he said, adding, “But if you build your car in the United States, there is no tariff.”

New taxes on car imports will come into force on the same day when the so -called “reciprocal rates” start for individual countries based on their trade relations with the United States.

European Commission President Ursula von der Leyen said the block would investigate the latest message, along with other tariffs, which Trump promised to reveal in the coming days.

“As I said, tariffs are taxes – bad for business, worse for consumers equally in the US and the European Union,” she said.

“The EU will continue to seek negotiation solutions while protecting its economic interests.”

The introduction of tariffs for many goods imported into the US is part of Trump’s efforts to protect US business and strengthen production.

The tariff is an import tax collected by the government, and it is paid by the company bringing the goods.

But in the protection of local business, consumer prices can be increased if a company that imports goods from abroad will pass higher costs instead of absorbing or reducing imports.

In recent weeks, US car manufacturers, including General Motors and Ford, have called on the US President to release cars and parts of tariff vehicles.

But Trump continued with this move, which is a revival, which for the first time examined during his first term in the White House.

A study by the trade department at that time warned that the US share of global cars was shrinking quickly, decreasing from 26% in 1985 to only 12% to 2017, claiming to be a risk to national security.