Trump announced 25%tariffs on car income.

US President Donald Trump announced a 25%new import tax on automotive and auto parts in the United States, threatening to expand the global trade war.

Trump said the latest tariffs will come into effect on April 2. The charging of the parts will begin in May or after it.

The president has promised that the bill will lead to “great growth” in the automotive industry, and promise that it will promote jobs and investments in the United States.

But analysts said that this action would lead to a temporary closure of automotive production in the United States, and the price would rise and the relationship with the allies would be burdensome.

The United States imported about 8 million cars last year, accounting for about $ 280 million (£ 180 billion) in trade and about half of the total sales.

Mexico is the best foreign auto supplier to the United States, followed by Korea, Japan, Canada and Germany. Trump’s latest movement threatens to raise global automotive trade and supply chains.

Many US auto companies are also operated in Mexico and Canada, and have been established in accordance with the conditions of long free trade agreements between three countries.

The White House said that this command will be applied to auto parts as well as the finished cars.

But US tariffs and border patrols are exempt from new tariffs on parts in Canada and Mexico, the White House said. Neighbors are seeing products over the border every day.

On Wednesday, General Motors’ stocks slipped around 3%. The governor spread to other companies, including Ford, after the president’s remarks.

Trump asked if there is a possibility of reversing the course at a press conference. Trump later added, “This is permanent.”

“If you build a car in the United States, there is no tariff,” he said.

Prime Minister Isiba Shigeru said his government said, “All the options will be placed on the table.

Japan, which has many major automotive industries, is the world’s second largest export country in the world.

Stocks from Japanese automakers, including Toyota, Nissan, and Honda, have fallen from early transactions in Tokyo.

Customs are taxes on imports collected by the government, and a company that imports goods is paid.

Trump will accept this tool to apply it to numerous products imported into the United States as part of a wider drive to protect the US business and strengthen manufacturing.

However, this measure can protect the domestic business, but as in the case of automakers, the business costs that rely on parts overseas increases.

According to Anderson Economic Group, analysts estimate that car costs can increase thousands of dollars with a 25%tariff on parts in Mexico and Canada.

The new car import tax on automobiles will take effect on the same day when the so -called mutual tariffs begin with each country’s mutual tariffs.

It is not clear how car tariffs can affect the plan.

However, many countries, including the UK, are concerned about being hit by exporters as a result of new taxes.

Last year, the United States was the best sales market for UK -based Jaguar Land Rover, and automakers sold 116,294 vehicles to Americans and exceeded sales to customers in the UK and China.

The British government is talking to the US administration and hopes to trade trade before the tariff comes into force, the BBC understands.

Canadian Prime Minister Mark Carney called Trump’s announcement as “direct attack” on his country and the automotive industry.

“This will hurt us, but at this time we will be stronger,” he said.

Ursula Von der Leyen Chairman of the European Commission said that the block will consider action before potential.

“As mentioned earlier, tariffs are tax. Bad in business and worse for consumers of the United States and the European Union.”

“EU will continue to pursue negotiated solutions while protecting economic interests.”

In the UK, the United States is the second largest car export market since the EU, mainly in high -end cars. According to the industrial institution, the Motor manufacturer and the trading association (SMMT) intercepted the Atlantic Ocean.

SMMT’s chief executive, Mike Hawes, urged the British and the US government to “gather together and forced everyone to be effective.”

The automotive industry was already being caught as Trump’s tariffs on steel and aluminum installed earlier this month.

In recent weeks, major automakers, such as Ford and General Motors, have urged the president to exempt the industry from any more missions.

no way 2024 Study of the US International Trade Commission The 25%tariff for imports reduces imports nearly 75%, while the US average price is expected to increase by 5%.

But Trump went on this movement. This is the first revival of the act of consideration for the first time in the White House.

White House officials said that our workers want to create more parts, not just assembling.

The day before the latest tariffs, Hyundai’s automobile manufacturing giant Hyundai announced that it will invest $ 21 billion (£ 16 billion) in the United States and build a new steel plant in southern Louisiana.

Trump welcomed investment with “a clear demonstration that tariffs work very powerful.”

Shawn Fain, the leader of the United Auto Walker Union, who opposed Trump in the election, praised the president’s behavior and said, “We are trying to end the free trade disaster that has devastated the labor class community for decades.”

In other places, Matt Blunt, the US Automotive Policy Committee of the Trade Group, said: “US auto manufacturers are dedicated to the vision of increasing the production and jobs of President Trump.”