Trump announces new 25 percent tariff on all cars made outside the U.S.

The president's latest action on trade enacts a 25% tariff on cars made outside of the U.S., continuing his trade policies focused on boosting American manufacturing.

Trump announces new 25 percent tariff on all cars made outside the U.S.
President Trump announces tariffs on auto imports in the Oval Office of the White House in Washington on Wednesday. Since returning to the presidency in January, Trump has already imposed tariffs on imports from major US trading partners Canada, Mexico and China -- as well as a 25 percent duty on steel and aluminum imports. The move is set to fuel tensions with trading partners ahead of further promised levies next week.

The president's latest action on trade enacts a 25% tariff on cars made outside of the U.S., continuing his trade policies focused on boosting American manufacturing.

(Image credit: Mandel Ngan)