President Trump has increased tariffs on car imports to raise revenue to offset his promised tax cuts and revive a declining US industrial base. Here is the expected impact on Britain and its carmakers:Donald Trump said he would implement a global 25 per cent tariff on car imports. The levies will initially target fully assembled vehicles but their scope will expand over the following month to include car parts such as engines, transmissions, powertrain components and electrical systems. They could expand even further after that, a statement from the White House said. Trump described the tariffs as “permanent” and said he was not interested in offering any carve-outs.

Source: The Times March 28, 2025 01:39 UTC