During a press conference in the Oval Office on Wednesday, President Trump announced that all cars and trucks imported into the United States beginning on April 1 will be slapped with tariffs. He helpfully explained which vehicles will and will not be affected by the move:
President Trump said on Wednesday that he would impose a 25 percent tariffs on all cars that are shipped into the United States.
The tariffs will go into effect on April 2, and will apply to finished cars and trucks that are shipped into the United States, including American brands whose automobiles are assembled overseas.
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The move is aimed at pushing companies to set up more factories into the United States, a primary goal for Mr. Trump, who called the move “very exciting” during remarks from the Oval Office.
“Anybody who has plants in the United States, it’s going to be good…
