Trade war continues! Trump: 25% of customs on all cars not manufactured in the US

US President Donald Trump He announced the introduction of a new customs duties of 25% on all vehicles not manufactured in the United States. This measure comes into force on April 2, when Trump plans to publish return customs against US trade partners, which he called « Liberation Day, » writes Nyt.

The aim of this move is to encourage companies to open multiple factories in the United States. However, customs could disrupt the car manufacturer’s supply chain and increase consumers’ costs.

« This is very exciting, » Trump said.

The current customs levy on the sides of the car in the US is 2.5 percent, so this is a significant increase.

US customs duties on car imports are vehemently affected by European manufacturers and put pressure on the EU to return countermeasures. Now the main market is for European cars, and almost a quarter of exports are going right there. Trump also announced that the US would introduce customs into imported pharmaceutical products and wood.