Trump Unveils Auto Tariffs
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tariffNewsweek
•Technology
Technology
Trump announces 25 percent tariffs on all foreign-made automobiles and parts
74% Informative
President Donald Trump has announced a 25 percent tariff on all foreign-made automobiles and parts.
The move is set to take effect on April 3 for vehicles and no later than May 3 for parts.
Some argue the tariffs could lead to a resurgence of American auto manufacturing and job creation.
Others caution that they could be inflationary, driving up vehicle costs for American consumers.
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