Trump threatens tariffs on imported vehicles targeting $240 billion trade sector

financialpost.com

President Donald Trump has threatened to impose tariffs on imported vehicles, targeting a $240 billion trade sector. Major brands from Germany and South Korea, like Volkswagen and Hyundai-Kia, could be significantly affected. Last year, imports made up about half of the U.S. auto market. Trump indicated that these tariffs could be implemented after reciprocal levies, possibly starting in early April. The U.S. imported around 8 million cars and light trucks last year, valued over $240 billion. Trump's proposed tariffs could disrupt North America's integrated automotive supply chains, raising concerns among industry leaders.


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