Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues

Image credit: usertrmk on Freepik. Article by Josh Boak. AP News – updated March 26, 2025.

WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a […]

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