Last week, U.S. President Trump declared that a tariff of up to 25% would be levied on all cars and specific automotive parts manufactured outside the United States, with the measure set to come into effect on April 2 and collections commencing the following day. Trump emphasized that this could serve as a component of a broader, new tariff strategy, and hinted at the possibility of imposing additional tariffs on vehicles in the future. A White House spokesperson further clarified that the measure encompasses imported passenger cars, light trucks, and crucial components, adding that the scope of taxation could be broadened if deemed necessary.
