Donald Trump announces 25% prices on imported cars, by a world trade war

Washington – President Donald Trump announced on Wednesday the intention of gifying 25% of prices on all imported cars, degenerating a world trade war just a few weeks after the previous prices approached a rout of the market and triggered a concern about a possible recession.

“I think our automotive industry will flourish as it did not,” said Trump.

Automotive prices are expected to target a sector that employs more than a million American workers and is based on a supply chain closely linked to Mexico and Canada. The prices placed on the risk of the automotive industry increases prices of cars for American consumers, experts before ABC News said.

Trump announced prices earlier this month on a large part of American automotive imports when he threatened 25% of rights over Mexico and Canada, but the president has shortly after a delay in the auto associated with this policy.

The White House press secretary Karoline Leavitt presented the new car rates in remarks on Wednesday afternoon in preview, sending us lower American actions.

The industrial average of Dow Jones closed the drop of 130 points, 0.3%, while the S&P 500 dropped by 1.1%. The Nasdaq, heavy in technology, decreased by 2%.

The actions of American car manufacturers have also dropped. Tesla, the electric car manufacturer led by the Advisor Trump Elon Musk, closed 5.5%. General Motors' shares fell 3%.

Mexico and Canada are the two main American trade partners for finished motor vehicles and automotive parts, according to an analysis of data from the CATO Institute of the United States International Trade Commission.

In 2023, Canada and Mexico represented nearly $ 120 billion in American import vehicle imports, which totaled approximately 47% of all these imported vehicles that year. Canada and Mexico have been almost the same share of imports of automotive parts that year, showed the analysis of the Cato Institute.

The announcement of car rates arrives a few days before Trump published a new series of tasks on April 2. Trump described this date several times as a “liberation day”, saying that a large list of reciprocal prices would rebalance US trade relations.

Related: Trump grants an exemption of one month for American car manufacturers new prices on imports from Mexico, Canada

Speaking on Monday at the White House, Trump softened his posture, saying that reciprocal prices could be lower than the rate that target countries impose on American goods.

“I can give a lot of country breaks,” Trump told journalists at the Oval Office. “I am embarrassed to invoice them what they took care of.”

The automotive prices follow a wave of tasks imposed earlier this month. Trump slapped the prices on China in early March, increasing taxes on the goods of this country to 20%. A few days later, Trump imposed radical rates on all aluminum and steel imports.

The movements have caused reprisal prices from China, the European Union and Canada, triggering a trade war that has shot the stock market and caused Wall Street warnings of a potential recession.

Economists largely expect the prices to increase consumers' prices, as importers generally transmit a share of the tax burden to buyers.

Speaking at a press conference in Washington, DC, last Wednesday, the president of the Fed, Jerome Powell, defeated prices for a “good part” of recent inflation.

Copyright 2025 ABC News Internet Ventures.

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