Poll Do you believe the auto tariffs will negatively impact the U.S. economy? We'll effectively be charging a 25 per cent tariff," Trump told reporters.The tariffs, expected to generate $100 billion annually, will take effect on April 3. However, concerns are mounting over rising costs for automakers, potential job losses, and retaliatory measures from affected nations. "The Trump administration argues the tariffs will boost US manufacturing and reduce the trade deficit. With automakers scrambling to assess the impact, global trade tensions are set to rise.

Source: The Times March 27, 2025 03:27 UTC