Trump imposes 25% tariff on imported cars

NPR- Trump announced yesterday that he will impose 25% tariffs on imported cars and car parts beginning next week. He says the money collected will boost the government’s revenue and encourage automobile manufacturers to build cars in the U.S. Auto service providers like Cox Automotive estimate that if the tariffs go through, car prices could increase by thousands of dollars. 

One of the big winners of this move is the auto unions, NPR’s Franco Ordoñez says. The UAW has praised the decision, saying it is time “to end the free trade disaster.” However, the big three automakers — Ford, General Motors and Stellantis — are concerned because their production is spread worldwide. The new tariffs come just a week before Trump’s promised announcement of reciprocal tariffs on imports for countries he says impose tariffs on the U.S. The president argues tariffs are necessary to national security and significant for the U.S.’s revenue. 

Newsweek - American cars that would be affected.