Trump announces plans for auto tariffs starting April 2

President Donald Trump announced plans to impose tariffs on automobiles starting April 2. This follows a series of trade actions since his recent inauguration, including tariffs on imports from China, Mexico, and Canada. Trump's focus on auto tariffs stems from perceived unfair treatment of U.S. automotive exports. The European Union currently imposes a 10% tariff on U.S. vehicle imports, while the U.S. has a lower rate for passenger cars but a higher rate for pickup trucks. His administration is also exploring reciprocal tariffs against countries that tax U.S. imports. The U.S.-Canada-Mexico Agreement, which outlines trade rules for vehicles, is set for review in 2026.