Trump announces 25% tariffs on all cars 'not made in the United States'
Publishing timestamp: 2025-03-26 16:45:23
Summary
President Trump announced 25% tariffs on all cars not made in the US, causing auto stocks to fall. The new tariffs will go into effect on April 2, with the aim of generating over $100 billion in annual revenue for the US. European Commission President criticized the move, and the announcement has caused uncertainty in the stock market. Trump has hinted at softer tariffs than originally planned.
Sentiment: NEGATIVE
Keywords: tariff, ford motor co, stellantis nv, breaking news: politics, general motors co, donald j. trump, business news,