Donald Trump signs order for 25% automobile tariff; markets react, allies weigh countermeasures
US president Donald Trump signed an executive order imposing a 25% tariff on foreign-manufactured vehicles, effective from April 2. The move has triggered threats of retaliation from trading partners, with significant impacts already seen in Asian automotive markets. Japan and Canada are evaluating counter-measures, while additional trade levies are expected next week.
US president Donald Trump signed an executive order imposing a 25% tariff on foreign-manufactured vehicles, effective from April 2. The move has triggered threats of retaliation from trading partners, with significant impacts already seen in Asian automotive markets. Japan and Canada are evaluating counter-measures, while additional trade levies are expected next week. What's Your Reaction?
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