'It's Going to Be Good': President Donald Trump Levies 25% Tariffs on Imported Cars and Parts

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'It's Going to Be Good': President Donald Trump Levies 25% Tariffs on Imported Cars and Parts

^{Published on 2025-03-27 12:21:24 - Entrepreneur}

President Donald Trump signed an executive order announcing that he would impose a 25% tariff on imported cars and car parts, set to take effect on April 3, per The New York Times. Trump said the move would incentivize automakers to move manufacturing into the United States and end a "ridiculous" supply chain where cars are manufactured across country lines.

The article from MSN discusses former President Donald Trump's announcement of imposing a 25% tariff on imported cars and auto parts, a move aimed at protecting American auto manufacturers and jobs. Trump stated that this decision would be "good" for the U.S. economy, arguing that it would reduce the trade deficit and encourage domestic production. Critics, however, expressed concerns over potential increases in car prices for consumers, retaliation from trade partners, and the impact on global trade relations. The tariffs are part of Trump's broader strategy to renegotiate trade deals and address what he perceives as unfair trade practices by other countries. This policy could lead to significant changes in the automotive industry, affecting both manufacturers and consumers.

Read the Full Entrepreneur Article at:
[ https://www.msn.com/en-us/money/news/it-s-going-to-be-good-president-donald-trump-levies-25-tariffs-on-imported-cars-and-parts/ar-AA1BMxSj ]

N@N

'It's Going to Be Good': President Donald Trump Levies 25% Tariffs on Imported Cars and Parts