Trump launches the challenge to trade, duties 25% on foreign cars - Global Happenings

We get the details on Trump's 25% tariffs on foreign cars and their impact on the global auto industry

Trump launches the challenge to trade, duties 25% on foreign cars - Global Happenings

Donald Trump launches the challenge to global trade and, declaring the national emergency to reduce commercial deficit, announces 10% duties for all mutual countries and rates for 60 ‘worst’, those with the greatest commercial imbalances towards the United States. For Europe, the duties will be 20%, for China at 34%and for Great Britain at 10%. In force from today, April 3 duties at 25% on the import of foreign cars. “Steel, aluminum, cars and c…