Trump Announces 25% Tariff on Imported Cars Starting April 2
The policy, targeting vehicles not manufactured in the US, is expected to disrupt global trade and impact the German auto industry significantly.
- President Donald Trump officially announced a 25% tariff on all imported cars not manufactured in the United States, effective April 2, 2025.
- The tariffs aim to reduce trade deficits and encourage domestic manufacturing, a key element of Trump's protectionist trade strategy.
- The German auto industry, heavily reliant on the US as its largest export market, is expected to face severe economic repercussions.
- The European Union has delayed retaliatory measures to allow for ongoing negotiations with US officials to prevent a trade war.
- US consumers are likely to see higher car prices due to the tariffs, while the domestic auto industry has expressed surprise at the sudden announcement.