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The US president announced a 25% imposition on imported cars tonight, expanding the trade war that began after his return to the White House.
“What we will do is impose 25% duties on all cars that are not manufactured in the US,” Trump told the Oval Office.
The US Republican president sees duties as a tool for increasing revenue that will offset the tax cuts it has announced, while rejuvenating the country’s declining industrial base.
In 2024, the US imported $ 220 billion in passenger cars and a car items worth $ 474 billion. The largest suppliers were Mexico, Japan, South Korea, Canada and Germany.
