President Trump has announced 25 percent tariffs on all auto imports. Starting next month, automakers sending vehicles to the U-S will be facing higher taxes. The president called it a “modest” move that will “spur growth.” He’s betting that increased tariffs will lead to more production in the U-S. Automakers could face higher costs and are […]
Audio
President Trump announces 25% tariffs on auto imports
President Trump has announced 25 percent tariffs on all auto imports. Starting next month, automakers sending vehicles to the U-S will be facing higher taxes. The president called it a “modest” move that will “spur growth.” He’s betting that increased tariffs will lead to more production in the U-S. Automakers could face higher costs and are bracing for lower sales.