Trump's auto tariffs draw rebukes, concern from U.S. trading partners
Taxes,Auto Industry,Donald Trump,Tariffs,Allies
Following President Trump's announcement of 25% tariffs on cars and car parts imported into the United States, America's trading partners around the world have roundly condemned the policy. Mr. Trump said the tariffs will take effect on April 2, fueling a boom — he promised — in American economic growth.
He said there would be a transition period before Americans reap the benefits of his tariffs-led foreign and economic policy, but for the myriad nations that sell automobiles and components to the U.S., the impacts could be rapid, and devastating.
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