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Trump Considers 25% Tariff Hike on Cars, With Smartphone Tariffs Set to Take Effect at Month's End
2 day ago /
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Author：小编
President Trump has hinted at a potential 25% increase in tariffs on imported cars, aiming to compel foreign automakers to boost investments in the U.S. and restructure their supply chains. Starting April 3, the Trump administration imposed a 25% tariff on imported vehicles and introduced a compensation mechanism to cushion the impact on locally assembled cars. This measure has already affected automakers, particularly those in South Korea, and a further tariff hike would exacerbate the pressure on the industry. Additionally, Trump has suggested that smartphones may also be subject to tariffs after June.
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