US President Donald Trump announced the introduction of a duty of 25 percent for “all cars not produced in the USA.”
The American leader signed a decree according to which a 25 percent fee will be introduced on imported cars and trucks to increase internal production.
Speaking at the ceremony of signing the decree in the White House, the head of state called this event “The beginning of the Day of the Liberation of America.”
The US President said that import cars will not be used if they are produced in the United States. According to him, companies return to the States to avoid customs duties.
Car duties will enter into force on April 2, and, according to Trump, this day will become a “real day of the US liberation.” He also noted that the duties will begin to be charged from April 3.
Trump emphasized that the introduction of duties on imported cars will lead to a “colossal” growth of the automotive industry in the country. The American leader also stated that he would introduce duties on medicines to return the pharmaceutical industry in the United States, as well as imported wood.
In addition, Trump said that he is working on a bill that will allow you to read from taxes the costs of credit interest for cars manufactured in the USA.
Speaking about mutual tariffs that will be announced next week, US President Donald Trump emphasized: “We will be very fair. In fact, we will be very kind. Other countries were not kind to us, but we will be kind.”
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The White House reported that a 25 percent customs duty will be extended not only to cars, such as sedans, SUVs, crossovers, minivans, freight vans and light commercial cars, but also to the main auto parts, including engines, transmission and electrical components. If necessary, taxation processes of additional automobile parts will be initiated.
The White House statement reports that companies importing cars in the United States as part of an agreement between Mexico and Canada (USMCA) will have the opportunity to certify American -made components contained in their cars. The tariff will only be applied to imported components.
The White House statement emphasizes that the introduction of duties on imported cars and auto parts is aimed at protecting and strengthening the US automobile industry.
While foreign car manufacturers developed thanks to “unfair subsidies and aggressive industrial policy”, the production of cars in the United States has stagniped, follows from the text.
According to data, in 2024, the Americans acquired about 16 million cars, of which 50 percent were imported. The statement notes that the shortage of the US trade balance for auto parts last year reached $ 93.5 billion.