Trump announces a 25 % tariff on auto imports

US President Donald Trump has announced 25 % new import taxes on cars and auto parts coming to the United States in a move to expand the World Trade War.

Trump said that the latest definitions will enter into force on April 2, with companies that import vehicles that start the next day. The parts are set to start in May or later.

The president claimed that the procedure would lead to a “tremendous growth” of the auto industry, and promised that he would stimulate jobs and investment in the United States.

But analysts said that this step is likely to lead to the temporary closure of the production of large cars in the United States, the increase in prices, and stress relations with the allies.

The United States imported nearly eight million cars last year, representing about $ 240 billion in trade and almost a half of the total sales.

Mexico is the best foreign resource for cars to the United States, followed by South Korea, Japan, Canada and Germany. Trump’s recent move threatens to raise global trade and supply chains.

Many American car companies have operations in Mexico and Canada as well, created under the terms of the long free trade agreement between the three countries.

The White House said that the demand will not only apply to the final cars, but also to auto parts, which are often shipped from other countries before assembled in the United States.

However, the new customs tariffs on parts of Canada and Mexico are exempt while the American Customs and Borders patrol created a system for assessing duties, the White House said. Neighboring countries believe that the goods are worth billions of borders every day.

On Wednesday, the shares of General Motors slipped about 3 %. The sale process spread to other companies, including Ford, after the president’s statements, as it confirmed the definitions.

He was asked at a press conference if there was any opportunity to save the path, Trump said no, adding later: “This is permanent.”

“If you build your car in the United States, there is no tariff,” he said.

The tariff is a tax on imports gathered by the government and is paid by the company that imports good.

Trump adopts the tool and looks forward to applying it to a group of goods that are imported to the United States as part of a broader campaign to protect American companies and increase manufacturing.

But while measures can protect local companies, they raise the costs of companies that depend on spare parts from abroad, as is the case for car makers.

Analysts estimated that the cost of the car may rise thousands of dollars, with 25 % of parts of Mexico and Canada alone add between 4000 and 10,000 dollars at the cost depending on the car, according to Anderson Economic Group.

The new car import taxes on cars are scheduled to enter into force on the same day, such as the so -called mutual definitions in individual countries based on their commercial relationship with the United States.

It is not clear how the car tariff can affect these plans.

But many countries, including the United Kingdom, are concerned about exporting exporters to strike as a result of new taxes.

The United States was the best sales market for Jaguar Land Rover last year, as the car maker sold 116,294 cars to Americans, exceeding sales to customers in the United Kingdom and China.

The UK government is in talks with the US administration and remains optimistic about suspending a commercial deal before the customs duties enter into force, as BBC understands.

Canadian Prime Minister Mark Carney described Trump’s advertisement as a “direct attack” on his country and the auto industry.

“This will harm us, but during this period by being together we will appear stronger,” he said.

European Commission President Ursula von der Lin said that the bloc would consider measures before any possible response.

“As I said before, the customs tariffs are taxes – bad for companies, and worse for consumers equally in the United States and the European Union,” she said.

“The European Union will continue to search for negotiation solutions, while protecting its economic interests.”

For the United Kingdom, the United States is the second largest export market for cars after the European Union, with luxury cars mainly It was shipped across the Atlantic Ocean, according to the industry, the SMMT, the SMMT.

Mike Hazi, CEO of SMMT, urged British governments and the United States to “meet immediately and reach a deal that suits everyone.”

The auto industry was already struggling with an extensive tariff on steel and aluminum that Trump laid earlier this month.

In recent weeks, major auto companies such as Ford and Gres Motors have urged the main to exempt the industry from any other duties.

A 2024 Study of the American International Trade Committee A 25 % tariff has predicted that imports reduce almost 75 %, with the average prices of the United States increased by about 5 %.

But Trump continued this step, which is a revival of his first time during his first term at the White House.

White House officials said they want to see US workers make more parts, not simply assemble them, and keep their work pushing companies to move.

One day before the latest customs tariff, the South Korean giant Hyundai announced that it would invest $ 21 billion (16.3 billion pounds) in the United States and build a new steel factory in South Louisiana.

Trump praised the investment as a “clear demonstration that works very strongly”.

The leader of the United Autoworking Shawn Union, who opposed Trump in the elections, praised the president’s actions, saying that he “ascends to end the free trade disaster that destroyed the working -class communities for decades.”