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

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

Trump announces new 25% tariff on all cars made outside the U.S.
President Trump announces tariffs on auto imports in the Oval Office on Wednesday. Since returning to the presidency in January, Trump has imposed tariffs on imports from major U.S. trading partners Canada, Mexico and China, as well as a 25% duty on steel and aluminum imports.

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

(Image credit: Mandel Ngan)