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Technology

Trump announces 25 percent tariffs on all foreign-made automobiles and parts

Newsweek
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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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