Donald Trump announced 25% taxes to the importation of cars

The president of the United States, Donald Trumpannounced Wednesday that will impose a 25% tax on all imported cars. The tycoon assured that this measure will generate a “Huge growth” in the country’s automotive industry and will generate future investments and new jobs.

The Republican also reported that the measure will enter into force from next Wednesday, April 2 and that The collection will begin the next day.

“What we are going to do is a 25% tariff to all cars that are not manufactured in the United States, if they are manufactured here, absolutely no,” he announced during a press conference at the White House after signing the executive order. “The money they took us will return, The works that took us enemies and friends, sometimes these are the worst”He said and calculated that in a year they could be raised between 600,000 million and one billion dollars.

To highlight the impact of the measure, Trump He recalled that Sling He will build a production plant in Indiana and pointed out: “If you build here, do not pay taxes.”

Cars import tax in the United States: what impact could the measure

While the president said repeatedly that tariffs on car imports would be a defining policy of its presidencybetting that the costs generated by taxes would cause most of the production to be transferred to the United States, warn that this measure is harmful to the industry. American manufacturers with plants in the country still depend on Canada, Mexico To obtain finished pieces and vehicles, which means that Cars prices could increase and sales could decrease while new factories are built.

Trump’s announcement already had an impact on the automotive market and the shares of General Motors fell this afternoon above 3%, while those of Stellantis, owner of Peugeot, Citroën, Opel, Vauxhall, Fiat, Alfa Romeo, Jeep, Chrysler and Dodge, lowered almost 4%.

About 54% of the cars that are marketed in United States are imported. Most come from Mexico, South Korea, Japan, Canada and Germany.

In turn, this decision generates even more hostility with its commercial partners, which will also have 25% tariffs on all imports from that next Wednesday, after Trump postponed for two months the measure.

While he had advanced that there would be countries that will receive exemptions in reciprocal tariffs that he plans to apply to his commercial partners, at the moment he did not make any reference to exceptions in tax import taxes.

White House officials They warned that the president is still committed to the implementation of “strong tariffs”, recommending investors not to make too many illusions about a possible moderation of measures.