Trump to impose a 25% rate on all imported vehicles and automotive parts made abroad

President Donald Trump and the White House announced a series of radical rates on foreign manufacturing cars and car parts on Wednesday, a prelude to the tasks of the April 2 release day which should reach a wide variety of goods manufactured by many largest American trade partners.

Many details are not clear about prices, which has always aroused criticism from foreign governments and has struck the actions of car manufacturers.

Speaking by the oval office, Trump initially declared that he imposed a 25% rate on all cars entering the country. Later, the White House clarified that foreign car parts would also be taxed at the rate of 25%, even if the vehicles in which they enter are assembled at the national level.

However, companies importing vehicles under the US-Mexico-Canada (USMCA) agreement will benefit from special attention until the Commerce Department establishes a 25%recovery process, the White House said.

Automobile parts in accordance with the USMCA will remain without a price until the Secretary of Commerce, in consultation with customs and the protection of American borders, establishes a process to apply prices to their non -American content.

Trump said it expects automotive companies to move to the United States and build new sites or develop existing sites. He has struck the companies that have opened facilities in Canada and Mexico in recent decades, which he said was the costs of American workers.

If you build your car in the United States, there is no price, he said.

The collection of prices will start on April 3, and Trump said they would be permanent. He said the United States could eventually collect up to $ 100 billion in pricing income.

The actions of the best American car manufacturers have dropped sharply in the discussions after the opening hours of the advertisement, with General Motors more than 7%, Ford arrested 4.6%and Stellantis is down 4%.

The actions of Asian car manufacturers also dropped during negotiations on Thursday, Reuters reported, with Japanese car manufacturers Nissan, Toyota and Honda down 2.2%, 2.7%and 3%, respectively. In South Korea, Hyundai Motor and Kia both fell by around 4%.

Jennifer Safavian, president and chief executive officer of Autos Drive America, a commercial group which represents the American operations of international car manufacturers, said in a statement: the prices imposed today will make more expensive to produce and sell cars in the United States, which will cause higher prices, fewer options for consumers and less manufacturing jobs in the United States

Foreign managers and manufacturers have also criticized the prices. Japanese Prime Minister Shigeru Ishiba said his government put all options on the table to answer, while the German Automobile Industry Association said the prices had sent a disastrous signal free of charge and based on rules.

Canadian Prime Minister Mark Carney qualified direct attack on Canadian workers and said he was considering additional reprisals. The president of the European Commission, Ursula, von der Leyen, said that she deeply regretted the American decision and that the European Union will continue to seek negotiated solutions, while protecting her economic interests.

In an article on his social platform of truth early Thursday, Trump said that if the European Union is working with Canada to make economic damage to the United States, large-scale prices, much larger than expected, will be placed on both of them.

Theamerican Automotive Policy Council, which represents Ford, General Motors and Stellantis, said that even if it was determined to increase American automobile production, it is essential that prices are implemented in a way that avoids increasing consumer prices.

According to Cars.com, eight of the 10 main most American vehicles with American parts and assemblies are companies belonging to foreigners. Its complete list of the most American brands can be found here.

“This always surprises car buyers that badge on the hood does not always reveal the economic contributions of a vehicle. In fact, 66% of vehicles on Cars.coms 2024 have made the American index of foreign car manufacturers which support the communities of Alabama, Indiana, Michiganando,” said Cars.com during a press release.

Half of all vehicles sold in the United States in 2023 were imports, according to Cars.com. Popular cars that see some or all models assembled abroad, according to Autweek, include:

Audi Q5buick Still Gxchevrolet Silverado 1500chrysler Pacifica and Voyagerford Maverickford Bronco Sportford Mustang Mach-Egmc Chartram 1500 and 2500vw Jetta, Taos and Tiguan

The 25% prices will almost certainly increase the cost of affected vehicles.

If a 25% rate is imposed, prices could increase up to $ 12,000 for some models, or as little as $ 4,000 for others, in both cases a cost that will almost certainly be passed on to American buyers, Autweek said.

In addition to the Teslas assembly plant in Fremont, California, the South has moved more and more the Midwest as a growing hub for American automotive manufacturing.

The new tasks were announced a week before Trumps warned the Liberation Day on April 2, when he promised to deploy a multitude of new prices against many most important business partners, including longtime allies, who will affect a wide range of goods. Trump had hinted in recent days that a separate statement on car rates could be before next week.

Previously, Trump said he was receptive to the pleas of American car manufacturers that prices would harm their businesses. He gave them a stay of a month of tasks on Canada and Mexico who finally evolved to give up indefinitely the samples for all the articles covered by the American-Mexican-Canadian free trade agreement.

Ads, out -of -sight announcements, have disrupted the markets in recent weeks and have increased the uncertainty of the economy. This has led to the decline in business and consumer confidence.

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