US President Donald Trump on February 14 announced his intention to impose tariffs on imported cars, adding to his wave of sweeping import tariffs.
"We'll be doing it around April 2," Mr. Trump told reporters in the Oval Office about the auto import tariffs as he signed executive orders on energy policy.
US President Donald Trump in Florida (USA) on February 14, 2025
The move is the latest sign of a rapidly expanding trade war as Mr. Trump fulfills a campaign pledge to impose comprehensive tariffs on U.S. allies and rivals, according to Bloomberg.
Earlier on February 12, President Trump announced a roadmap for applying "reciprocal" tariffs to all countries that are imposing tariffs on US goods. Reuters quoted a White House official as saying that the tariffs would not take effect immediately but would be implemented in the next few weeks, after the Trump administration's economic and trade team completed a review of bilateral trade relations.
Some of the biggest brands in Japan, Germany and South Korea could be hit hard by Mr. Trump’s auto tariffs. Imported vehicles are expected to account for about half of the U.S. car market by 2024. About 80% of Volkswagen’s U.S. sales are imported, while Hyundai-Kia’s is 65%, according to market research firm Global Data.
However, it remains unclear how much the new import tariffs on cars will be and whether vehicles built under free trade agreements with Canada and Mexico will be exempt from the industry tariffs, if they are imposed.
A broad tariff on all imported cars would have a profound impact on the global auto industry, experts say. According to data from the US Department of Commerce, the US imported about 8 million new cars and light trucks in 2024, with a total value exceeding $240 billion.
Decades of free trade agreements have helped make North America a hub for auto production, with highly integrated supply chains across the continent. President Donald Trump has thrown this structural pillar into sharp question by proposing a 25% tariff on all imports from Canada and Mexico, which could take effect next month.
Source: https://thanhnien.vn/ong-trump-noi-se-danh-thue-o-to-nhap-khau-vao-thang-4-185250215073204642.htm
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