Trump to proceed with 25% import levies on autos and lower reciprocal tariffs

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Trump to proceed with 25% import levies on autos and lower reciprocal tariffs

^{Published on 2025-03-27 16:41:01 - Euronews}

US President Donald Trump confirmed 25% tariffs on vehicles not manufactured in the US, set to take effect on 2 April. Auto shares fell across Asia following the news, with the impact expected to ripple through Europe.

The article from MSN discusses former President Donald Trump's plans to impose a 25% import levy on automobiles and to implement lower reciprocal tariffs if he were to return to office. Trump's proposal aims to counteract what he perceives as unfair trade practices by other countries, particularly focusing on the automotive sector. He argues that these measures would protect American manufacturers and jobs by making foreign cars more expensive in the U.S. market, thereby encouraging domestic production. Additionally, the idea of reciprocal tariffs would mean that the U.S. would apply the same tariff rates to imports from a country as that country applies to U.S. exports, aiming for a level playing field in international trade. This policy reflects Trump's broader "America First" economic strategy, which emphasizes protectionism and renegotiating trade deals to favor U.S. interests.

Read the Full Euronews Article at:
[ https://www.msn.com/en-gb/money/other/trump-to-proceed-with-25-import-levies-on-autos-and-lower-reciprocal-tariffs/ar-AA1BKMs4 ]

N@N

Trump to proceed with 25% import levies on autos and lower reciprocal tariffs