Trump, “all cars that are not produced in the US” 25 percent tariff – Automobile Magazine
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Trump signed a decree to apply 25 percent tariff to imported cars and trucks in order to increase domestic production.
Speaking at the signing ceremony held at the White House, Trump described it as the ı the beginning of America’s day of liberation ”.
“What we’re going to do is to apply 25 percent customs duties for all cars that are not produced in the United States.” he said.
Stating that the tariff will not be applied if it is produced in the USA, Trump said that companies returned to the USA to avoid paying customs duties.
Automobile tariffs will come into force on April 2
The real day of liberation of the United States will be announced that mutual tariffs will be announced on April 2, reiterating Trump, said automobile tariffs will come into force on this date. “We are starting collection from April 3,” Trump said. He said.
Emphasizing that tariffs will lead to a “enormous gürüt growth in the automobile industry, Trump said that they would apply tariffs to drugs to bring the pharmaceutical industry back to the country. Trump pointed out that the tariffs for imported timber.
US President Trump also said that a law that allows loan interest payments for American -made vehicles to be deducted from the Congress said they are working.
Referring to the mutual tariffs planned to be announced next week, Trump said, “We will be very fair. In fact, we will be very kind. Other countries did not treat us gentle, but we will be gentle.” he said.
Tariffs will also be applied to basic automobile parts
In a statement made by the White House, 25 percent of customs duties such as sedan, SUV, Crossover, Minivan and Cargo Van vehicles and light commercial vehicles, as well as motor, transmission, power transfer parts and electric components will be applied to basic automobile parts, such as additional parts of the process will be initiated to bring taxes.
Within the scope of the US-Mexico-Khanate Agreement (USMCA), companies importing cars to the USA will have the opportunity to certify the American components in the content of their vehicles, the tariff will be applied only to imported components.
The statement, imported automobile and automobile parts tariff application decision, the US will protect and strengthen the automotive sector was emphasized.
While foreign automobile industries grew with “unfair subsidies and aggressive industrial policies ,, the US production paused, the statement said that in 2024 Americans bought approximately 16 million vehicles and 50 percent of them were imported vehicles.
The statement, last year’s US automobile parts of the trade deficit reached 93.5 billion dollars recorded.